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Flex Space with Office and Garage
For Lease
$3,000/Mo

614 Rice Lake Street, Owatonna, MN 55060

A mixed-use commercial layout combines office, garage, and warehouse areas for business operations and storage.

Space SizeContact for details
Days on Market22

Property Features for 614 Rice Lake Street

General Information

Standard status Active

Property Condition

Severity Repairs Needed
Evidence ready for a refresh

Warehouse & Industrial

Warehouse Space 1,728 SF
Office Build-Out 840 SF

Additional Details

Lease Rate $3,000 /USD/MO

Taxes and HOA fees

Annual Taxes $5,572
Listing Agency: Berkshire Hathaway HomeServices Advantage Real Estate
Listed By: Darcy K Ihrke
Source: Exprealty
Added: Sep 25 Changed: Oct 15 Last Checked: Oct 15 at 1:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Advantage Real Estate

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Investment Insights

Based on property information with market context.

Located at 614 Rice Lake Street in Owatonna, this flex property offers 840 square feet of office space, an 800-square-foot garage, and an additional 1,728-square-foot garage and warehouse area. The office requires updating, and the owner is open to tenant improvements and customization.

The combination of office, garage, and warehouse space supports a range of commercial functions within one property.

Key Highlights

  • 840 square feet of office space
  • 800‑square‑foot garage
  • Additional 1,728‑square‑foot garage and warehouse area

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Pharmacy Skin Care Clinic Hair Salon HVAC Service Nail Salon Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

180
Businesses Nearby
Under-served
Demand for This Use

Demographics for 55060, MN

29,693
Population
12,631
Households
2.4
Avg Household Size
40
Median Age
31%
College-Educated
94%
High-School Grad
203.4 sq mi
ZIP Area
146
Density / Sq Mi
$83,848
Median Household Income
$49,325
Median Earnings
$1,018
Median Rent
$239,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Similar Off Market Nearby

  • Ozzie's Cotton Candy — 920 Ivy St, Owatonna, MN 55060

Frequently Asked Questions

What type of property is this?
Flex space - A mixed-use commercial layout combines office, garage, and warehouse areas for business operations and storage.
Where is this flex space located?
The property is located at 614 Rice Lake Street Owatonna, MN.
What is the lease rate?
The lease rate is $3,000/Mo.
What are key features of this property?
This property features: 840 square feet of office space; 800‑square‑foot garage; Additional 1,728‑square‑foot garage and warehouse area
More about this property
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