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    Owatonna, MN
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    Owatonna, MN Office Buildings for Sale

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    Medford, MN Claremont, MN Waseca, MN
    Versatile Commercial Building in Owatonna
    $1,032,000
    0.16 Acres
    Versatile Commercial Building in Owatonna

    345 Florence Avenue, Owatonna, MN 55060

    4,000 SF commercial building suitable for various business uses.
    • 4,000 sq ft commercial building in a great location.
    • Configured for 2 distinct businesses, featuring separate offices, reception areas, meeting space, storage, break rooms and large flex spaces.
    • Non‑load‑bearing interior walls allow for complete redesign and flexible space configurations.
    • Prime location: Just 0.2 mile from I‑35 access.
    • Ample parking available.
    Updated: Feb 23, 2024
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    Versatile Commercial Building Near I-35
    $1,032,000
    4,000 SF
    Versatile Commercial Building Near I-35

    345 Florence Avenue, Owatonna, MN 55060

    4,000 SF commercial building suitable for various business uses.
    • 4,000 sq ft commercial building in a great location.
    • Currently configured for 2 distinct businesses with separate offices, reception areas, meeting space, storage, break rooms and large flex spaces.
    • Flexible design with non‑load‑bearing interior walls allowing for easy redesign and customization.
    • Suitable for various uses: professional services, collaborative space, or medical use.
    • Conveniently located 0.2 mile from I‑35 access.
    Updated: Feb 26, 2024
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Owatonna, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Downtown Faribault Office Building Investment
    $850,000
    Downtown Faribault Office Building Investment

    High-visibility office building in historic downtown Faribault, Minnesota.

    118 1st Ave Ne, Faribault, MN 55021

    View details
    Historic Faribault Commercial Building
    $549,900
    11,000 SF
    Historic Faribault Commercial Building

    Historic 11,000+ sq ft building near downtown Faribault, MN.

    222 3rd NW Avenue, Faribault, MN 55021

    View details
    Fully Occupied Investment Property
    Contact for pricing
    4,734 SF
    Fully Occupied Investment Property

    Investment opportunity in NW Rochester, fully occupied with multiple suites.

    2660 Superior Dr NW, Rochester, MN 55901

    View details
    Valley High Business Center
    Contact for pricing
    169,843 SF
    Valley High Business Center

    Office buildings portfolio sale in Rochester, Minnesota.

    3435 40th Ave NW, Rochester, MN

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Mankato Commercial Land For Sale
    $165,000
    1.08 Acres
    Mankato Commercial Land For Sale

    Accessible 1.083 acre lot suitable for various businesses.

    1763 Bassett Drive, Mankato, MN 56001

    View details
    Prime Commercial Land in Lakeville
    $1,120,000
    1.83 Acres
    Prime Commercial Land in Lakeville

    1.83 acre commercial land with high visibility in Lakeville.

    20830 Keokuk Avenue, Lakeville, MN 55044

    View details
    Afton Light Industrial Land Opportunity
    $4,500,000
    24.08 Acres
    Afton Light Industrial Land Opportunity

    24.1 acres of light industrial land with interstate exposure.

    12175 Hudson Road S, Afton, MN 55001

    View details
    Commercial Land in Medina, MN
    $120,000
    0.15 Acres
    Commercial Land in Medina, MN

    Land in Medina location surrounded by expanding residential growth.

    865/867/869 Meander Court, Medina, MN 55340

    View details

    Owatonna, MN Office Buildings Investment Opportunities Market Analysis

    Explore 2 office buildings for sale in Owatonna, MN on our real estate platform. These investment opportunities span a total of 4,000 square feet of properties for sale, with an estimated market value of $1,032,000.

    Sale prices for office properties in Owatonna, MN start at $1,032,000, averaging $1,032,000, and reaching up to $1,032,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Medical Office Space 2
    Office buildings 2
    Office Units 2

    Demographics Overview

    Population 32K
    Population Growth (5Y) +0.2%
    Median Household Income $84,408
    College Educated 34.1%

    High-Yield Neighborhoods for Investment

    Identify Owatonna submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55060 $1M

    Taxes & Financing

    Tax Rate (average for all types) 2.97%
    Property Tax per SF $3.69 per SF
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Steele County

    New Delisted

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