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    Owatonna, MN Office Spaces for Sale

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    Medford, MN Claremont, MN Waseca, 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 Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Owatonna, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, 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
    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
    Mixed-Use Income Property
    Mixed-Use Income Property

    102 State St N, Waseca, MN 56093

    $495,000

    Two downtown buildings with retail, office, restaurant, event spaces, and short-term rental units—plus additional storage for operations.

    View details
    Downtown Waseca Mixed-Use Opportunity
    Downtown Waseca Mixed-Use Opportunity

    102 State St N, Waseca, MN 56093

    $550,000
    3,223 sqft

    Versatile property in downtown Waseca with retail and rental potential.

    View details
    Prime Office, Retail, Flex Space
    Prime Office, Retail, Flex Space

    201 Lyndale S Avenue, Faribault, MN 55021

    Contact for pricing
    88,003 sqft · 7.40 AC lot

    Up to 23,000 SF of flexible commercial space available.

    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.

    High-Traffic Commercial Development Land
    High-Traffic Commercial Development Land

    LandMark Drive NE, Owatonna, MN 55060

    $250,000
    1.83 AC lot

    1.83-acre parcel on LandMark Drive NE for higher-end commercial development in Owatonna.

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    Commercial Development Lot
    Commercial Development Lot

    NE LandMark Drive NE, Owatonna, MN 55060

    $100,000
    0.91 AC lot

    0.906-acre commercial lot in North Bluff Estates, ready for a new building with convenient access.

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    Cleared Commercial Development Land
    Cleared Commercial Development Land

    10th St NW, Austin, MN 55912

    $249,000
    9.17 AC lot

    A 9.17-acre cleared parcel with paved road access and nearby utilities, suited for multiple commercial development types.

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    Service/Commercial Development Lot
    Service/Commercial Development Lot

    L2 B2 Business Park Addition, Wells, MN 56097

    $38,281
    2.00 AC lot

    Build-ready service or commercial lot with highway visibility and infrastructure already installed.

    View details

    Off-Market Properties in Owatonna, MN

    Consider similar Off-Market properties in Owatonna, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Cedar Ave
    Automotive properties

    0 Cedar Ave, Owatonna, MN 55060

    Value Estimation by Request
    2.25 AC lot
    View details

    Owatonna, MN Office Spaces Market Trends and Statistics

    Explore 2 office spaces 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 spaces 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 Units 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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