2020 Cedar AveOwatonna, MN 55060

Property Details for 2020 Cedar Ave

Lot size

1.27 AC

Property type

Other commercial real estate

APN

17-021-1102

APU

170211102

Description

This 15,000-square-foot retail property, formerly a tire store, is situated on a 1.27-acre lot at 2020 S Cedar Ave, Owatonna, MN 55060. Built in 1949, this building presents a unique opportunity for an auto repair business or redevelopment. The asking price is $525,000, translating to $35 per square foot. Its strategic location offers significant advantages. The property sits directly across the street from the international headquarters of Federated Mutual Insurance, a multi-billion dollar company. Furthermore, it enjoys convenient proximity to downtown Owatonna, just a five-minute drive away. Owatonna's charming historic downtown area is a short distance from the property, offering additional appeal. The ample 1.27-acre lot provides flexibility for expansion or redevelopment to suit a variety of business needs. This property is ideal for an existing auto repair shop seeking a new location or for an entrepreneur looking to establish a new business in a high-visibility area with strong potential for growth. The property's size and location make it a compelling investment opportunity in a thriving Minnesota community.

• Alternative Use

  Use

  Valuation

  Residential

  $10,423,378

  Hospitality

  $9,547,759

  Educational

  $7,943,623

  Medical

  $8,216,816

  Retail

  $12,356,747

Location Insight

City

Owatonna

County

Steele

State

Minnesota

Latitude

44.0634

Longitude

-93.2268

CBSA code

36940

CBSA name

OWATONNA, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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