For Sale
$1,200,000

561 Riverwood Dr Owatonna, MN 55060

Prime Owatonna land, multifamily potential.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
127
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.

Highlights

  • 1.2M USD land parcel in Owatonna, MN, approved for multifamily development.
  • Excellent location near amenities and major transportation routes.
  • Favorable zoning regulations expedite multifamily construction.
  • High demand for multifamily housing in Owatonna creates strong rental potential.
  • Opportunity for a customized development to meet current market needs.

Property Details for 561 Riverwood Dr

Property type
Land

Location Insight

City
Owatonna
County
Steele
State
Minnesota
Latitude
44.077943
Longitude
-93.2370215
561 Riverwood Dr, Owatonna, Minnesota

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FAQs

What type of property is this?
Land - Prime Owatonna land, multifamily potential.
Where is the land located?
The property is located at 561 Riverwood Dr Owatonna, MN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1.2M USD land parcel in Owatonna, MN, approved for multifamily development.; Excellent location near amenities and major transportation routes.; Favorable zoning regulations expedite multifamily construction.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

James Halbur
James Halbur
Visit Broker Website

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Riverwood Dr
Owatonna, MN 55060

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Owatonna, MN 55060

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

561 Riverwood Dr
  • James Halbur
    James Halbur
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