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    Hutchinson, MN Medford, MN Claremont, MN Faribault, MN Waseca, MN Warsaw, MN Morristown, MN Blooming Prairie, MN
    Versatile Commercial Building Near I-35
    Updated: Feb 26, 2024
    Versatile Commercial Building Near I-35

    345 Florence Avenue, Owatonna, MN 55060

    $1,032,000
    4,000 sqft 0.16 AC lot
    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.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 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.

    Professional Office Building
    Professional Office Building

    1601 8th St SE, Waseca, MN 56093

    Contact for pricing
    2,028 sqft

    Flexible office layout suited to professional, medical, and general commercial operations.

    View details
    Downtown Faribault Office Building Investment
    Downtown Faribault Office Building Investment

    118 1st Ave Ne, Faribault, MN 55021

    $850,000

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

    View details
    Updated Office Complex
    Updated Office Complex

    505 State St S, Waseca, MN 56093

    $178,500

    Updated office complex with a newer roof and an updated furnace, offering flexible space configurations.

    View details
    Freestanding Building Near Highway 60
    Freestanding Building Near Highway 60

    1233 Hwy 60, Faribault, MN

    Contact for pricing
    5,625 sqft 0.72 AC lot

    Free-standing building off Lyndale Avenue and Highway 60 in Faribault.

    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.

    Industrial Land with Interstate Exposure
    Industrial Land with Interstate Exposure

    12175 Hudson Road S, Afton, MN 55001

    $4,500,000
    24.08 AC lot

    24.084-acre light industrial site near I-94 and HWY 95 with multiple utility services available.

    View details
    Business Park Commercial Land Lot
    Business Park Commercial Land Lot

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

    $120,000
    0.15 AC lot

    Commercially zoned lot in Rolling Greens Business Park, suitable for business services, retail, or medical development.

    View details
    Shovel-Ready Commercial Land
    Shovel-Ready Commercial Land

    7920 Lake Drive, Circle Pines, MN 55014

    $615,000
    2.79 AC lot

    Shovel-ready land zoned General Business with cable available and strong access and exposure near Kelly Street.

    View details
    Industrial Land Ready to Build
    Industrial Land Ready to Build

    TBD Lot 4 Waida Road, Winona, MN 55987

    $200,000
    7.67 AC lot

    Re-zoned industrial and service/distribution lots in a business park with driveway access from WAIDA Road.

    View details

    Owatonna, MN Office Buildings Market Trends and Statistics

    Explore 1 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 average $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

    Office Units 4
    Medical Office Space 2
    Office buildings 1

    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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