0 Cedar AveOwatonna, MN 55060

Property Details for 0 Cedar Ave

Lot size

2.25 AC

Property type

Retail properties

Property subtype

Office properties

Description

This exceptional 2.25-acre property in Owatonna, Minnesota, presents a compelling redevelopment opportunity. Currently zoned for mixed-use development, including auto shop, office, and retail uses, this versatile land parcel offers significant potential for a variety of projects. Located on S Cedar Ave, this site boasts a highly desirable location, directly across the street from the international headquarters of Federated Mutual Insurance, a multi-billion dollar company. Its proximity to downtown Owatonna (just a 5-minute drive) provides easy access to the city's amenities and historic charm. The asking price has recently been reduced to $945,000, representing a significant value for investors seeking a prime location for their next venture. The property's size and zoning flexibility allow for creative development plans, catering to a wide range of commercial needs. This is a rare chance to acquire a substantial land parcel in a thriving Minnesota community with strong economic foundations and a vibrant downtown area. The property's strategic location and reduced price make it an attractive investment for developers seeking high-impact returns. Detailed zoning information and development guidelines are available upon request. The zip code is 55060, and the property is situated in Steele County.

Location Insight

City

Owatonna

County

Steele

State

Minnesota

Latitude

44.0716

Longitude

-93.226

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