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    1930 Cedar Ave Owatonna, MN 55060

    Sponsored
    For Sale
    $450,000

    Prime 0.98-acre site, ideal for redevelopment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.98-acre property presents a unique redevelopment opportunity in the thriving city of Owatonna, Minnesota. Located at 1930 S Cedar Ave, 55060, this site boasts a highly desirable location directly across the street from the international headquarters of the multi-billion dollar Federated Mutual Insurance Company. Its proximity to downtown Owatonna (a mere 5-minute drive) provides easy access to the city's charming historic downtown area, offering a wealth of amenities and attractions. The property is zoned for Executive and Medical Office uses, presenting a versatile canvas for a variety of development projects. The asking price for this prime redevelopment site is $450,000. This presents a compelling investment opportunity given the strategic location and the potential for significant return. The property's size and location make it an attractive prospect for developers seeking to capitalize on Owatonna's robust economy and growing population. Don't miss this chance to acquire a highly sought-after parcel in a prime location. Contact us today to learn more about this exciting redevelopment opportunity.

    Property Features for 1930 Cedar Ave

    General Information

    Property type
    Medical offices
    Lot Size
    42,689 SF

    HighLights

    • 0.98‑acre redevelopment site available.
    • Excellent Owatonna location; directly across from Federated Mutual Insurance headquarters and five minutes from downtown.
    • Enjoy Owatonna's charming historic downtown.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Owatonna
    County
    Steele
    State
    Minnesota
    Longitude
    -93.2266566
    Latitude
    44.0640737

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    FAQs

    What type of property is this?
    Medical office - Prime 0.98-acre site, ideal for redevelopment.
    Where is this medical office located?
    The property is located at 1930 Cedar Ave Owatonna, MN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 0.98-acre redevelopment site available.; Excellent Owatonna location; directly across from Federated Mutual Insurance headquarters and five minutes from downtown.; Enjoy Owatonna's charming historic downtown.
    Request Owner's contact information
    1930 Cedar Ave Owatonna, MN 55060
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    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
    1930 Cedar Ave Owatonna, MN 55060
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