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    Cedar Ave Owatonna, MN 55060

    Sponsored
    For Sale
    $945,000

    2.25-Acre Mixed-Use Land, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.25-acre property in Owatonna, Minnesota, presents a compelling redevelopment opportunity. Currently zoned for mixed-use development, including auto shop, office, and retail uses, this versatile land parcel offers significant potential for a variety of projects. Located on S Cedar Ave, this site boasts a highly desirable location, directly across the street from the international headquarters of Federated Mutual Insurance, a multi-billion dollar company. Its proximity to downtown Owatonna (just a 5-minute drive) provides easy access to the city's amenities and historic charm. The asking price has recently been reduced to $945,000, representing a significant value for investors seeking a prime location for their next venture. The property's size and zoning flexibility allow for creative development plans, catering to a wide range of commercial needs. This is a rare chance to acquire a substantial land parcel in a thriving Minnesota community with strong economic foundations and a vibrant downtown area. The property's strategic location and reduced price make it an attractive investment for developers seeking high-impact returns. Detailed zoning information and development guidelines are available upon request. The zip code is 55060, and the property is situated in Steele County.

    Property Features for 0 Cedar Ave

    General Information

    Property type
    Automotive properties
    Lot Size
    98,010 SF

    HighLights

    • Price Reduced: $945,000 (previously $975,000)
    • 2.25‑acre redevelopment site
    • Excellent Owatonna location, across from Federated Mutual Insurance headquarters, 5 minutes from downtown.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Owatonna
    County
    Steele
    State
    Minnesota
    Longitude
    -93.2260287
    Latitude
    44.0716305

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    FAQs

    What type of property is this?
    Automotive property - 2.25-Acre Mixed-Use Land, Prime Location
    Where is this automotive property located?
    The property is located at Cedar Ave Owatonna, MN.
    What is the asking price?
    The asking price for this property is $945,000.
    What are key features of this property?
    This property features: Price Reduced: $945,000 (previously $975,000); 2.25-acre redevelopment site; Excellent Owatonna location, across from Federated Mutual Insurance headquarters, 5 minutes from downtown.
    Request Owner's contact information
    Cedar Ave 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
    Cedar Ave Owatonna, MN 55060
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