Owatonna, MN Commercial Property for Sale (4 Real Estate Listings)
Owatonna, MN Real Estate Statistics
|Avg. Days On Market||2.3K|
Property Types (active listings)
As of April 1, 2023 there are 4 active Owatonna, MN commercial real estate listings for sale with an average listing price of $345,431. The highest-priced commercial property listing is $1,350,000, while the lowest priced commercial property can be purchased for $15. Owatonna, MN Commercial properties for sale have an average price of $17 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 8,385 square feet of living space.
Owatonna, MN Commercial Real Estate & Properties
Owatonna, Minnesota, offers a variety of commercial real estate options for investors looking to get involved in the market. The city is home to many businesses and industries, making it a prime location for those looking to invest in commercial properties. Owatonna has something to offer whether you're interested in office, retail, or industrial space.
The office market in Owatonna is strong, with several companies headquartered in the city. This makes it an excellent location for those investing in office space. A variety of office buildings are available for purchase or lease, and the city is home to many types of businesses. If you're looking for an investment property that will offer you a good return, the office market in Owatonna is a great place to start your search.
Owatonna, Minnesota's History
Owatonna, Minnesota, has a rich history that dates back to 1854 when settlers with English roots founded it. The town was named after the Straight River, which in the Dakota language is Wakpá Owóthaŋna. Owatonna was incorporated as a town on August 9, 1858. In 1883 and 1884, Owatonna hosted the Minnesota State Fair. In 1885, Owatonna was chosen over 16 other cities as the State Public School for Dependent and Neglected Children site.
From 1898 to 1940, Steele County was the Butter Capital of the World. Federated Insurance was founded in Owatonna in 1904 as Minnesota Implement Mutual Fire Insurance Company. The National Farmers' Bank, designed by Louis Sullivan, was completed in 1908. During 1944 and 1945, more than 200 German prisoners were held at a prisoner-of-war camp in Owatonna.
Owatonna, Minnesota's Demographics
Owatonna, Minnesota, is a city located in Steele County. It is also the county seat of Steele County. With a 2020 population of 26,584, it is the 38th largest city in Minnesota and the 1727th largest city in the United States. Owatonna is growing at a rate of 0.31% annually, and its population has increased by 0.62% since the most recent census, which recorded a population of 26,420 in 2020. Spanning over 15 miles, Owatonna has a population density of 1,829 people per square mile.
The median age in Owatonna is 33.3 years, 32.6 years for males and 34 years for females. For every 100 females, there are 98.7 males. The city's racial makeup was 83.2% White, 6.8% African American, 0% Native American, 5% Asian, 2% from other races, and 2% from two or more races. Hispanic or Latino of any race were 4% of the population. Non-Hispanic Whites were 80% of the people in 2010. Hispanics or Latinos now make up 5%. Asians were 3%. Of the non-Hispanic white population, those of German ancestry comprised 35%, Irish 15%, Norwegian 13%, English 10%, Polish 5%, and Swedish 4%. Accordingly, as of 2020, Owatonna has been experiencing an influx of diverse cultures and races due to many immigrants coming into Minnesota - making it a unique place to live with people from all walks of life!
Owatonna, Minnesota's Geographic Makeup
The city is the county seat of Steele County and home to the Steele County Fairgrounds. Owatonna is also known for being on three main routes in Minnesota- Interstate 35, U.S. Route 14, and U.S. Route 218. According to the United States Census Bureau, the city has 14.62 square miles (37.87 km2). Out of the 14.62 square miles, 14.53 square miles (37.63 km2) are land, and 0.09 square miles (0.23 km2) are water. The elevation is 1,152 ft (351 m) above sea level, which makes it a perfect place to see all of Minnesota!
Owatonna, Minnesota's Economy
Owatonna, Minnesota, is a great place to live for many reasons! The average household income is $78,527, and the poverty rate is only 7.83%. This means that families are doing well financially and have the means to enjoy their lives. The median rental costs are affordable at only $811 per month, and the median house value is a very reasonable $171,400. This makes Owatonna a great place to buy a home too! The median age in the city is just 38.5 years, with males being slightly younger at 36.8 years and females marginally older at 39.9 years.
Owatonna, Minnesota's Employment
Owatonna, MN, is a great place to work! The economy employs 13k people, with the most prominent industries being Manufacturing (3,312 people), Retail Trade (1,751 people), and Health Care & Social Assistance (1,588 people). The highest paying industries are Public Administration ($72,585), Finance & Insurance ($71,023), and Finance & Insurance Real Estate & Rental & Leasing.
Why Commercial Real Estate In Owatonna, Minnesota?
Owatonna, Minnesota, offers a variety of reasons why it's a great place to invest in commercial real estate. The city is home to many businesses and industries, making it a prime location for those looking to invest in commercial properties. Additionally, the office market in Owatonna is strong, with several companies headquartered in the city. This makes it an excellent location for those investing in office space. And finally, the city's geography makes it a great place to invest in retail space. Owatonna's central location is within driving distance of many larger cities and towns, making it ideal for retailers who want to reach a broader customer base.