Cedar Ave Owatonna, MN 55060
- Retail properties
- 2.25 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Cedar Ave
- Lot size
- 2.25 lot acres
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional 2.25-acre property in Owatonna, Minnesota, presents a compelling redevelopment opportunity. Currently zoned for mixed-use development, including auto shop, office, and retail uses, this versatile land parcel offers significant potential for a variety of projects. Located on S Cedar Ave, this site boasts a highly desirable location, directly across the street from the international headquarters of Federated Mutual Insurance, a multi-billion dollar company. Its proximity to downtown Owatonna (just a 5-minute drive) provides easy access to the city's amenities and historic charm. The asking price has recently been reduced to $945,000, representing a significant value for investors seeking a prime location for their next venture. The property's size and zoning flexibility allow for creative development plans, catering to a wide range of commercial needs. This is a rare chance to acquire a substantial land parcel in a thriving Minnesota community with strong economic foundations and a vibrant downtown area. The property's strategic location and reduced price make it an attractive investment for developers seeking high-impact returns. Detailed zoning information and development guidelines are available upon request. The zip code is 55060, and the property is situated in Steele County.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Owatonna
- County
- Steele
- State
- Minnesota
- Longitude
- -93.226
- Latitude
- 44.0716