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    4 Owatonna Mn 55060 Blooming Prairie, MN 55060

    Sponsored
    For Sale
    $449,900

    Owatonna, MN commercial lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1.83-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Owatonna, Minnesota. Strategically located on Owatonna's beltline, this property enjoys a high-traffic location, boasting exceptional visibility and accessibility. Its prime position places it directly adjacent to a Kwik Trip convenience store and Plaza Morena, ensuring consistent foot traffic and brand recognition. The property is zoned for Commercial Business use, offering a wide range of development possibilities for businesses seeking a high-visibility location. Furthermore, its proximity to major transportation arteries is unparalleled, with less than one mile to Interstate 35, providing easy access for commuters and customers. The location also benefits from its close proximity to significant healthcare facilities, including the Mayo Clinic and Allina Hospital, both within 1.2 miles. This advantageous location, combined with the substantial lot size, makes this property an ideal site for a variety of commercial ventures. The asking price for this exceptional property is $449,900. Don't miss this chance to secure a prime commercial location in a rapidly growing area. The property is located at Block 8 Lot 4, Owatonna, MN 55060.

    Property Features for 4 Owatonna Mn 55060

    General Information

    Property type
    Land
    Lot Size
    79,715 SF

    HighLights

    • 1.83‑acre commercial land parcel in Owatonna, MN, priced at $449,900.
    • High‑traffic location on Owatonna's beltline with excellent visibility and accessibility.
    • Adjacent to Kwik Trip and Plaza Morena, ensuring high foot traffic.
    • Zoned for Commercial Business use, offering diverse development options.
    • Less than one mile from Interstate 35, providing easy access.
    • Close proximity to Mayo Clinic and Allina Hospital (within 1.2 miles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Blooming Prairie
    County
    Steele
    State
    Minnesota
    Longitude
    -93.226733939686
    Latitude
    44.110090669493

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    FAQs

    What type of property is this?
    Land - Owatonna, MN commercial lot, high traffic area.
    Where is this land located?
    The property is located at 4 Owatonna Mn 55060 Blooming Prairie, MN.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: 1.83-acre commercial land parcel in Owatonna, MN, priced at $449,900.; High-traffic location on Owatonna's beltline with excellent visibility and accessibility.; Adjacent to Kwik Trip and Plaza Morena, ensuring high foot traffic.
    (507) 456-8788
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    4 Owatonna Mn 55060 Blooming Prairie, 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
    4 Owatonna Mn 55060 Blooming Prairie, MN 55060
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