561 Riverwood Dr Owatonna, MN 55060
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 561 Riverwood Dr
- Property type
- Commercial real estate
Description
This exceptional 1.2 million dollar land parcel, located at 561 Riverwood Dr, Owatonna, MN 55060, presents a compelling investment opportunity in Steele County's thriving multifamily market. The spacious grounds are approved for multifamily development, offering significant potential for a lucrative return. The property benefits from its strategic location, providing convenient access to essential services and major transportation routes. Favorable zoning regulations streamline the development process, making this an ideal site for constructing multifamily residences to meet the area's strong demand. This well-situated land allows for a tailored development approach, enabling the creation of a project that precisely addresses current market needs. The property's proximity to amenities and its accessibility contribute to its high desirability and potential for strong rental income. Capitalize on this opportunity to build a successful multifamily development in a dynamic and growing community. This is a chance to create a lasting investment in the promising Owatonna market. The latitude and longitude coordinates are 44.077943, -93.2370215 respectively.
Value Estimation
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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
- -93.2370215
- Latitude
- 44.077943
