Property profile

1940 Cedar Ave Owatonna, MN 55060

OFF-MARKET
Commercial real estate
Property ID
US46-2812179
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 1940 S Cedar Avenue in Owatonna, Minnesota, presents a significant investment opportunity. The 6,312 square foot warehouse is ideally situated on the south side of Owatonna, offering convenient access to Highway 14 and the new Owatonna High School. This prime location provides excellent visibility and accessibility for businesses seeking a strategic presence in this thriving community. The property is classified as industrial land and is designated as both warehouse and commercial space, offering versatility for a range of potential uses. The property is zoned for commercial use and is ready for immediate occupancy. With its generous square footage and strategic location, this warehouse presents a rare opportunity to acquire a substantial commercial property in a rapidly growing area. The asking price is $199,900. The property is located in Steele County, Minnesota, zip code 55060. The geographic coordinates are latitude 44.0638535 and longitude -93.2268241. This property is offered as-is. Serious inquiries only.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 17-021-1103
UPID US46-2812179

Cap rate & NOI

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

Location

1940 Cedar Ave Owatonna, MN 55060-4205
Owatonna metro Census 960600 OWATONNA, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2006
Price N/A
2006
Price N/A

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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