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    1010 Hoffman Dr Owatonna, MN 55060

    Sponsored
    For Lease
    $8 SF/Yr

    Modern Flex Space, 6,400 SF Available

    Lot size:
    69,971 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional flex space, located at 1010 Hoffman Dr NW in Owatonna, Minnesota, offers 6,400 square feet of immediately available space within a larger 69,971 square foot industrial building. The property is situated on a substantial 321,351 square foot lot in Steele County, offering ample room for expansion or outdoor storage. The space is part of a multi-tenant building and is highly adaptable to a variety of uses. The minimum divisible space is 6,132 square feet, providing flexibility for businesses of different sizes. Its convenient location next to Anytime Fitness provides excellent visibility and accessibility. The property's current configuration is well-suited for showroom, warehouse, or manufacturing operations. However, with potential modifications, including the addition of a front entrance, the space could easily be adapted for retail use, such as a garden center or nursery, taking advantage of the generous outdoor space. The property's zip code is 55060. This prime location in Owatonna presents a unique opportunity for businesses seeking a versatile and well-positioned industrial space. The available space is contiguous, offering efficiency and ease of operation.

    Property Features for 1010 Hoffman Dr

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    69,971 SF
    Total Rate
    46647.33

    Unit(s) available at that property

    Space
    Available Space
    Size
    6,400 SF
    Rate per SF
    $8

    HighLights

    • Gross Lease.
    • Shared Parking.
    • Ample Parking.
    • Exterior Storage.
    • Two‑Unit Building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owatonna
    County
    Steele
    State
    Minnesota
    Longitude
    -93.2344025
    Latitude
    44.0964836

    Nearby Comparable

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      19,300 SF

      Owatonna Warehouse Space For Lease

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      Owatonna Retail & Office Space

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      Retail Space Available For Rent

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      Retail Space in High Traffic

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    Nearby Similar for Lease

    • Contact for pricing
      75,000 SF

      Owatonna Industrial Facility For Rent

      75,000 SF industrial facility on 11.24 acres available for rent.
      205 SW 24Th Ave SW, Owatonna, MN 55060
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    • Contact for pricing
      19,300 SF

      Owatonna Warehouse Space For Lease

      Versatile warehouse space, multiple units available.
      600 Hoffman Dr, Owatonna, MN 55060
      View Details
    • $204 SF/Yr
      1,800 SF

      Downtown Owatonna Retail Space

      Prime Retail Space, 1800 sq ft, Owatonna, MN
      211 Cedar Ave, Owatonna, MN 55060
      View Details
    • $17 SF/Yr
      1,800 SF

      Retail Space in Downtown Owatonna

      Retail space available in Owatonna's new downtown development.
      207-211 N Cedar Ave, Owatonna, MN 55060
      View Details
    • Contact for pricing
      130,000 SF

      New Warehouse Space Available

      130,000 SF warehouse with ample trailer parking, delivery Q4 2024.
      202 24Th Ave SW, Owatonna, MN 55060
      View Details
    • $21 SF/Yr
      4,400 SF

      Retail Space Available For Rent

      Retail space for rent in Owatonna, MN.
      1045 Frontage Rd W, Owatonna, MN 55060
      View Details
    • $14 SF/Yr
      1,785 SF

      Retail Space in High Traffic

      Retail space available in high-traffic Owatonna shopping center.
      2350 43Rd St NW, Owatonna, MN 55060
      View Details
    • Contact for pricing

      Owatonna Warehouse Space Available

      Warehouse space available for lease in Owatonna, Minnesota.
      3350 Park Dr, Owatonna, MN 55060
      View Details
    • $17 SF/Yr
      1,374 SF

      Owatonna Retail & Office Space

      1374 sq ft, prime location, high traffic.
      1100 Frontage Rd, Owatonna, MN 55060
      View Details

    FAQs

    What type of property is this?
    Flex space - Modern Flex Space, 6,400 SF Available
    Where is this flex space located?
    The property is located at 1010 Hoffman Dr Owatonna, MN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Gross Lease.; Shared Parking.; Ample Parking.
    Request Owner's contact information
    1010 Hoffman Dr Owatonna, MN 55060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1010 Hoffman Dr Owatonna, MN 55060
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