Owatonna, MN Commercial Property for Sale (10 Real Estate Listings)

Sort by:
Active
215 S Oak Avenue, Owatonna

$1,200,000

215 S Oak Avenue, Owatonna

0 Acres 8,033 SqFt Commercial MLS® # 6670283

This versatile property offers an excellent opportunity for entrepreneurs looking to establish a presence in the heart of downtown Owatonna. With its spacious 8,033 office area, it is perfec...

Upside Real EstateRegional Multiple Listing Service of Minnesota Logo

Active
345 Florence Avenue, Owatonna

$1,032,000

345 Florence Avenue, Owatonna

0 Acres 4,000 SqFt Commercial MLS® # 6493581

Opportunity abounds! You’ll recognize the potential immediately in this 4,000 square foot commercial building that was thoughtfully designed and constructed in a great location. Currently co...

RE/MAX VentureRegional Multiple Listing Service of Minnesota Logo

Active
225 Cedardale Drive Se, Owatonna

$719,900

↓ $37,100

225 Cedardale Drive Se, Owatonna

1 Acres 2,785 SqFt Commercial MLS® # 6621326

Discover this versatile 2,785 sq. ft. commercial office building, ideally situated in a prime location. The brick exterior adds a professional touch to this well-maintained property, which i...

eXp RealtyRegional Multiple Listing Service of Minnesota Logo

Pending
661 W Bridge Street, Owatonna

$569,900

661 W Bridge Street, Owatonna

1 Acres 1,995 SqFt Commercial MLS® # 6680010

PRIME LOCATION, PRIME OPPORTUNITY. It’s your turn to capitalize on everything this fantastic commercial property has to offer! Great visibility. High traffic location. Easy I-35 accessibilit...

RE/MAX VentureRegional Multiple Listing Service of Minnesota Logo

Pending
2424 Hoffman Drive, Owatonna

$550,000

2424 Hoffman Drive, Owatonna

1 Acres 8,400 SqFt Commercial MLS® # 6697328

...

Berkshire Hathaway Advantage Real EstateRegional Multiple Listing Service of Minnesota Logo

Active
315 N Cedar Avenue, Owatonna

$388,900

315 N Cedar Avenue, Owatonna

0 Acres 6,212 SqFt Commercial MLS® # 6658425

OPPORTUNITY IS KNOCKING! If you have an entrepreneurial spirit, and a desire to be a part of a blossoming downtown historic district, this could be your chance. This well-maintained building...

RE/MAX VentureRegional Multiple Listing Service of Minnesota Logo

Active Contingent
717 S Cedar Avenue, Owatonna

$359,900

↓ $38,100

717 S Cedar Avenue, Owatonna

0 Acres 4,792 SqFt Commercial MLS® # 6653271

Income-Producing 7 unit property in the Heart of Owatonna! Discover this exceptional cash-flow-generating property perfectly situated in the vibrant heart of Owatonna. Boasting historic cha...

Berkshire Hathaway Advantage Real EstateRegional Multiple Listing Service of Minnesota Logo

Active
208 Mineral Spring Road Ne, Owatonna

$350,000

↓ $25,000

208 Mineral Spring Road Ne, Owatonna

1 Acres 6,793 SqFt Commercial MLS® # 6577748

Unlock the door to entrepreneurial success with this incredible opportunity! This large 6,793 sq ft building would be the perfect location for a variety of businesses in the heart of Owatonn...

Edina Realty, Inc.Regional Multiple Listing Service of Minnesota Logo

Active
635 N Elm Avenue, Owatonna

$150,000

635 N Elm Avenue, Owatonna

0 Acres 7,462 SqFt Commercial MLS® # 6672184

Commercial Property for Sale! Looking for the perfect space to grow your business? This 7,462 sq. ft. pole building offers ample storage for tools, equipment, and inventory, ensuring you hav...

RE/MAX VentureRegional Multiple Listing Service of Minnesota Logo

Active
600 Hoffman Drive, Owatonna

$9

↑ $3

600 Hoffman Drive, Owatonna

2 Acres 19,300 SqFt Commercial MLS® # 6502315

...

Caspian GroupRegional Multiple Listing Service of Minnesota Logo

Owatonna, MN Real Estate Statistics

Average Price $284K
Lowest Price $9
Highest Price $2M
Total Listings 160
Avg. Price/SQFT $155

Property Types (active listings)


As of April 30, 2025 there are 10 active Owatonna, MN commercial real estate listings for sale with an average listing price of $532,061. The highest-priced commercial property listing is $1,200,000, while the lowest priced commercial property can be purchased for $9. Owatonna, MN Commercial properties for sale have an average price of $123 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 6,977 square feet of living space.

Contact Us

Provide a valid email address.
Newsletter consent

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 OwóthaÅ‹na. 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.