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    Owatonna, MN
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    Owatonna, MN Residential Income Properties for Sale

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    Medford, MN Claremont, MN Waseca, MN
    Mixed-Use Building in Historic District
    $388,900
    6,200 SF
    Mixed-Use Building in Historic District

    315 N Cedar Avenue, Owatonna, MN 55060

    Well-maintained mixed-use building with retail and residential spaces.
    • Substantial 6200+ sq ft building in a blossoming downtown historic district.
    • Existing retail business operating on a 4,000+ sq ft main floor.
    • Three residential rental units (two 2‑bedroom, one studio) providing immediate income.
    • Potential to customize the main floor for various retail or office uses.
    • Includes a garage, carport, and off‑street parking for tenants.
    Updated: Feb 7, 2025
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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 1 Active listings in Owatonna, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Downtown Mixed-Use Property with Parcel Split
    $525,000
    Downtown Mixed-Use Property with Parcel Split

    Business/commercial zoned mixed-use property with a parcel split scheduled to be completed before closing.

    301 Central, Faribault, MN 55021

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    Downtown Mixed-Use Building Opportunity
    $319,000
    0.25 Acres
    Downtown Mixed-Use Building Opportunity

    Two street-level retail spaces with an additional upper-level residential plan support flexible owner or investment use.

    12 3rd Street NE, Faribault, MN 55021

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    Renovated Mixed-Use Property For Sale
    $442,500
    Renovated Mixed-Use Property For Sale

    Newly renovated mixed-use property in downtown Janesville, 100% leased.

    121 Main Street North, Janesville, MN 56048

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    Renovated Mixed-Use Property For Sale
    $442,500
    5,297 SF
    Renovated Mixed-Use Property For Sale

    Newly renovated, fully leased mixed-use property in downtown Janesville.

    121 N Main St, Janesville, MN 56048

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Lot in Desirable Location
    $62,895
    0.24 Acres
    Residential Lot in Desirable Location

    Build-ready lot in Owatonna's Southeast area, ideal for custom home.

    859 Escalade Lane SE, Owatonna, MN 55060

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    Residential Lot in Desirable Location
    $58,899
    0.21 Acres
    Residential Lot in Desirable Location

    Build-ready lot in Owatonna's sought-after Southeast area.

    725 Escalade Lane SE, Owatonna, MN 55060

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    Residential Land in Owatonna
    $120,000
    2.12 Acres
    Residential Land in Owatonna

    2-acre lot suitable for one to three residences.

    Xxx Anderson Place, Owatonna, MN 55060

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    Residential Lot in Owatonna, MN
    $62,895
    0.26 Acres
    Residential Lot in Owatonna, MN

    Residential lot ready for new construction in Owatonna, Minnesota.

    2104 Harbour Oak Drive SE, Owatonna, MN 55060

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    Off-Market Properties in Owatonna, MN

    Consider similar Off-Market properties in Owatonna, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    215 22nd NW St
    APARTMENT HOUSE (5+ UNITS)
    18,332 SF
    Estimated value
    $1,945,000

    215 22nd NW St, Owatonna, MN 55060-1255

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    1830 Hartle Ave
    APARTMENT HOUSE (5+ UNITS)
    4,320 SF
    Estimated value
    $535,000

    1830 Hartle Ave, Owatonna, MN 55060-4490

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    252 Broadway St
    APARTMENT HOUSE (5+ UNITS)
    4,147 SF
    Value Estimation by Request

    252 Broadway St, Owatonna, MN 55060-2404

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    115 Chambers Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    1,200 SF
    Value Estimation by Request

    115 Chambers Ave, Owatonna, MN 55060-3067

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    612 Agnes St
    APARTMENT HOUSE (5+ UNITS)
    7,800 SF
    Estimated value
    $600,000

    612 Agnes St, Owatonna, MN 55060-3176

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    811 School St
    APARTMENT HOUSE (5+ UNITS)
    9,766 SF
    Estimated value
    $625,000

    811 School St, Owatonna, MN 55060-3183

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    245 Rice St
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,796 SF
    Value Estimation by Request

    245 Rice St, Owatonna, MN 55060-3092

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    135 22nd NW St
    APARTMENT HOUSE (5+ UNITS)
    13,440 SF
    Estimated value
    $1,110,000

    135 22nd NW St, Owatonna, MN 55060-1391

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    633 Agnes St
    APARTMENT HOUSE (5+ UNITS)
    10,608 SF
    Estimated value
    $850,000

    633 Agnes St, Owatonna, MN 55060-3177

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    511 Elm Ave
    APARTMENT HOUSE (5+ UNITS)
    2,870 SF
    Value Estimation by Request

    511 Elm Ave, Owatonna, MN 55060-3351

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    1212 Frontage Rd
    APARTMENT HOUSE (100+ UNITS)
    72,822 SF Lot: 6.31 Acres
    Estimated value
    $7,050,000

    1212 Frontage Rd, Owatonna, MN 55060-5692

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    219 Ml St
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,544 SF
    Value Estimation by Request

    219 Ml St, Owatonna, MN 55060-3074

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    119 Chambers Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    1,716 SF
    Value Estimation by Request

    119 Chambers Ave, Owatonna, MN 55060-3076

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    706 Academy St
    APARTMENT HOUSE (5+ UNITS)
    13,248 SF
    Estimated value
    $1,740,000

    706 Academy St, Owatonna, MN 55060-3181

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    805 Cedar Ave
    APARTMENT HOUSE (5+ UNITS)
    3,172 SF
    Value Estimation by Request

    805 Cedar Ave, Owatonna, MN 55060-3257

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    352 Rose St
    APARTMENT HOUSE (5+ UNITS)
    14,464 SF
    Estimated value
    $625,000

    352 Rose St, Owatonna, MN 55060-2548

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    241 13th SW St
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,040 SF
    Value Estimation by Request

    241 13th SW St, Owatonna, MN 55060-3953

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    614 Brg St
    APARTMENT HOUSE (5+ UNITS)
    32,676 SF
    Estimated value
    $5,485,000

    614 Brg St, Owatonna, MN 55060-2776

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    285 Cedardale SE Dr
    APARTMENT HOUSE (5+ UNITS)
    7,905 SF
    Estimated value
    $660,000

    285 Cedardale SE Dr, Owatonna, MN 55060-4425

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    308 Cedar Ave
    APARTMENT HOUSE (5+ UNITS)
    8,095 SF
    Estimated value
    $505,000

    308 Cedar Ave, Owatonna, MN 55060-2951

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    328 Pne Ave
    APARTMENT HOUSE (5+ UNITS)
    7,260 SF
    Value Estimation by Request

    328 Pne Ave, Owatonna, MN 55060-2572

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    217 School St
    APARTMENT HOUSE (5+ UNITS)
    3,729 SF
    Value Estimation by Request

    217 School St, Owatonna, MN 55060-2949

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    1208 3rd NE Ave
    APARTMENT HOUSE (5+ UNITS)
    7,318 SF
    Estimated value
    $645,000

    1208 3rd NE Ave, Owatonna, MN 55060-1788

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    Owatonna, MN Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Owatonna, MN on our real estate platform. These investment opportunities span a total of 6,200 square feet of properties for sale, with an estimated market value of $388,900.

    Sale prices for residential income properties in Owatonna, MN start at $388,900, averaging $388,900, and reaching up to $388,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 2
    Multifamily properties 2

    Demographics Overview

    Population 32K
    Population Growth (5Y) +0.2%
    Median Household Income $84,408
    College Educated 34.1%

    High-Yield Neighborhoods for Investment

    Identify Owatonna submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55060 $388.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.97%
    Property Tax per SF $3.69 per SF
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Steele County

    New Delisted

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