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    OFF-MARKET
    Land

    1067 24Th Ave, Owatonna, MN 55060

    29.12 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 29.12-acre commercial land parcel in Owatonna, Minnesota, presents a unique investment opportunity. Located at 1067 24th Ave NW, 55060, Steele County, this property boasts unparalleled visibility from Interstate 35, ensuring high traffic exposure for any future development. The land is zoned for industrial use, making it ideal for a variety of businesses. Its strategic location near the Owatonna Incubator provides access to a supportive entrepreneurial ecosystem. Furthermore, this site is situated within an Opportunity Zone, offering potential tax advantages for investors. The city may also provide additional incentives for development, creating a compelling combination of location, zoning, and potential financial benefits. The property's substantial size allows for significant flexibility in development plans, catering to a wide range of industrial projects. With its prime location and advantageous zoning, this land parcel represents a rare chance to acquire a highly desirable commercial property in a thriving Minnesota community. The latitude and longitude coordinates are 44.0941152, -93.2558231 respectively. The price per acre is $60,000.

    Property profile
    Verified
    Property type Land
    Lot 29.12 ac (1,268,467 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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