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Property profile

2896 Timber Rdg Dr Owatonna, MN 55060

OFF-MARKET
Land
0.4 ac lot
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Property summary

AI-generated overview

This exceptional 0.398-acre commercial lot, located at 2896 Timber Ridge Dr NE in Owatonna, Minnesota, presents a unique development opportunity. Situated within the desirable Majestic Oaks subdivision, this property offers the perfect blend of rural tranquility and convenient city access. The lot is zoned Residential-Single Family, providing flexibility for various residential construction projects. With ample space to build a substantial home and maintain a sizable yard, this parcel is ideal for those seeking a spacious living environment. The property boasts convenient access via blacktop roads, ensuring easy commuting and accessibility to all amenities Owatonna has to offer. The lot's APN is 175980318. The asking price for this exceptional property is $50,000. While an estimated monthly cost of $463 is provided, this is for informational purposes only and should be independently verified. This is a rare opportunity to build in a sought-after location, offering a peaceful setting while remaining close to the conveniences of city life. Don't miss out on this chance to create your dream home in this picturesque Owatonna neighborhood. The property is located in Steele County, Minnesota, zip code 55060.

Property profile

Verified
Property type Land
Lot 0.4 ac (17,337 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2896 Timber Rdg Dr Owatonna, MN 55060
Owatonna metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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