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    143 Broadway St Owatonna, MN 55060

    Sponsored
    For Sale
    Contact for pricing

    Prime Retail Space w/ Residential Income

    Property size:
    8,104 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional owner-user opportunity presents a 8,104 square foot storefront located at 143 W Broadway St, Owatonna, MN 55060. The property, built in 1910, boasts a two-story building on a 0.1-acre lot (APN 17-100-0214). The ground floor offers approximately 4,052 square feet of adaptable retail space, currently configured with open retail areas, offices, and storage. This versatile layout is ideal for a variety of businesses. Adding to the investment potential are four one-bedroom apartments situated on the second floor, providing substantial supplemental rental income. The property consists of one building with five total units. Located in Owatonna, a city with approximately 26,000 residents and home to the Steele County Fair, this storefront enjoys a high-visibility location on West Broadway Street. This is a rare chance for an owner-operator to establish their business in a thriving community while benefiting from passive income generated by the residential units. The property's historical charm combined with its modern functionality makes it a truly unique investment opportunity.

    Property Features for 143 Broadway St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,104 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1910
    Buildings
    1
    Stories
    2
    Units
    5

    HighLights

    • 8,104 SF retail storefront in Owatonna, MN.
    • Five units total: 4052 SF ground floor retail space plus four 1‑bedroom apartments.
    • Owner‑user opportunity with additional rental income from residential units.
    • Located at 143 W Broadway St, Owatonna, MN 55060.
    • Built in 1910, two‑story building on a 0.1‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Owatonna
    County
    Steele
    State
    Minnesota
    Longitude
    -93.22798424055
    Latitude
    44.084282855004

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space w/ Residential Income
    Where is this individual retail property located?
    The property is located at 143 Broadway St Owatonna, MN.
    What are key features of this property?
    This property features: 8,104 SF retail storefront in Owatonna, MN.; Five units total: 4052 SF ground floor retail space plus four 1-bedroom apartments.; Owner-user opportunity with additional rental income from residential units.
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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
    143 Broadway St Owatonna, MN 55060
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