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    211 Cedar Ave Owatonna, MN 55060

    Sponsored
    For Lease
    $204 SF/Yr

    Prime Retail Space, 1800 sq ft, Owatonna, MN

    Lot size:
    1,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,800 square foot retail space, located at 211 N Cedar Ave in Owatonna, Minnesota, presents a unique leasing opportunity. Situated in Steele County, this single-tenant property offers a vibrant and convenient location within the revitalized downtown area. The space benefits from its proximity to the newly constructed Courtyard Marriott Hotel and a recently renovated full-service restaurant at the corner of Pearl and Vine Streets. This prime location is enhanced by a newly installed streetscape, creating an attractive and pedestrian-friendly environment. The property is classified as retail with an office subtype, making it suitable for a variety of businesses. The address is 211 N Cedar Ave, Owatonna, MN 55060. This is an ideal opportunity for businesses seeking high visibility and access to a thriving downtown community. The space is ready for immediate occupancy and offers a chance to be part of the exciting new development transforming downtown Owatonna. Interested parties are encouraged to inquire further to explore this exceptional retail space.

    Property Features for 211 Cedar Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,800 SF

    Unit(s) available at that property

    Space
    Size
    1,800 SF
    Rate per SF
    $204

    HighLights

    • 1800 square foot space available for lease at 211 Cedar Ave N, Owatonna.
    • Located between a new Courtyard Marriott and a renovated full‑service restaurant.
    • Situated in a newly developed downtown Owatonna streetscape.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -93.2258285
    Latitude
    44.0862161

    Nearby Comparable

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    Nearby Similar for Lease

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      Retail Space in Downtown Owatonna

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      207-211 N Cedar Ave, Owatonna, MN 55060
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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, 1800 sq ft, Owatonna, MN
    Where is this retail property located?
    The property is located at 211 Cedar Ave Owatonna, MN.
    What is the lease rate?
    The lease rate is $204 SF/Yr.
    What are key features of this property?
    This property features: 1800 square foot space available for lease at 211 Cedar Ave N, Owatonna.; Located between a new Courtyard Marriott and a renovated full-service restaurant.; Situated in a newly developed downtown Owatonna streetscape.
    Request Owner's contact information
    211 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
    211 Cedar Ave Owatonna, MN 55060
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