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    Blk 9 Owatonna, MN 55060

    Sponsored
    For Sale
    $159,900

    Prime Owatonna commercial lot, 0.91 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.91-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Owatonna, Minnesota. Located at the highly visible corner of 26th Street NE and Cedar Avenue N, this property boasts a prime location with excellent visibility and accessibility. The lot is zoned for commercial use, offering a wide range of development possibilities for businesses seeking a strategic presence in this dynamic area. The asking price is $159,900. While the exact square footage is not guaranteed, the substantial 0.91-acre size provides ample space for a variety of commercial ventures. Situated in Steele County, with a 55060 zip code, this property benefits from the robust infrastructure and amenities of Owatonna. Its northeast location places it within easy reach of major transportation routes and a thriving local economy. This is an exceptional opportunity to acquire a strategically located commercial lot in a rapidly growing area. Serious inquiries are encouraged to explore the potential of this prime commercial real estate offering. The property is identified as BLK 9 Lot 5. Buyers are advised to conduct their own due diligence regarding square footage and acreage.

    Property Features for 0 Blk 9

    General Information

    Property type
    Land
    Lot Size
    39,640 SF

    HighLights

    • 0.91‑acre commercial lot in Owatonna, MN, priced at $159,900.
    • High‑visibility corner location at 26th Street NE and Cedar Avenue N.
    • Zoned for commercial use, offering diverse development options.
    • Located in Steele County, zip code 55060, with excellent access to transportation.
    • Property identified as BLK 9 Lot 5; buyer due diligence advised.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Owatonna
    County
    Steele
    State
    Minnesota
    Longitude
    -93.2181477
    Latitude
    44.0888533

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    FAQs

    What type of property is this?
    Land - Prime Owatonna commercial lot, 0.91 acres.
    Where is this land located?
    The property is located at Blk 9 Owatonna, MN.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: 0.91-acre commercial lot in Owatonna, MN, priced at $159,900.; High-visibility corner location at 26th Street NE and Cedar Avenue N.; Zoned for commercial use, offering diverse development options.
    (507) 456-8788
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    Blk 9 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
    Blk 9 Owatonna, MN 55060
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