Owatonna, MN Commercial Property for Sale (8 Real Estate Listings)

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121 Oakdale Street, Owatonna

$1,900,000

121 Oakdale Street, Owatonna

0 Acres 48,243 SqFt Commercial MLS® # 6462397

Don’t miss this great investment opportunity. Several long-term tenants with leases currently in place....

Dwell Realty Group LLCRegional Multiple Listing Service of Minnesota Logo

Active
152 E Pearl Street, Owatonna

$425,000

↓ $50,000

152 E Pearl Street, Owatonna

0 Acres 2,252 SqFt Commercial MLS® # 6450710

Are you in search of the perfect commercial space for your thriving business? Look no further! This commercial building is a gem waiting for you in the bustling heart of downtown Owatonna wi...

Berkshire Hathaway Advantage Real EstateRegional Multiple Listing Service of Minnesota Logo

Active
1930 S Cedar Avenue, Owatonna

$249,900

1930 S Cedar Avenue, Owatonna

1 Acres 1,380 SqFt Commercial MLS® # 6456966

Incredible commercial opportunity! Occupy it yourself or improve your real estate investment portfolio! Great location in the south side of Owatonna. Near new Owatonna High School! Call toda...

Coldwell Banker River Valley, REALTORSRegional Multiple Listing Service of Minnesota Logo

Active
1940 S Cedar Avenue, Owatonna

$199,900

1940 S Cedar Avenue, Owatonna

0 Acres 6,312 SqFt Commercial MLS® # 6457328

Great commercial opportunity on the south side of Owatonna. Conveniently located neat highway 14 and the new Owatonna High School....

Coldwell Banker River Valley, REALTORSRegional Multiple Listing Service of Minnesota Logo

Active
1836 S Cedar Avenue, Owatonna

$3,000

1836 S Cedar Avenue, Owatonna

1 Acres 12,960 SqFt Commercial MLS® # 6437618

Welcome to bustling South Owatonna High traffic counts, major highway proximity, many new developments, businesses, and growth within 2 miles. This space is currently configured into eight...

Worth Clark RealtyRegional Multiple Listing Service of Minnesota Logo

Active
159 18th Street Sw 5, Owatonna

$2,000

159 18th Street Sw 5, Owatonna

0 Acres 5,856 SqFt Commercial MLS® # 6437631

Now Leasing This newer building boasts two private offices, a break room, both private and public restroom facilities, reception desk, and plenty of working space to generate for your busi...

Worth Clark RealtyRegional Multiple Listing Service of Minnesota Logo

Pending
115 Landmark Drive Ne, Owatonna

$1,350

115 Landmark Drive Ne, Owatonna

1 Acres 2,000 SqFt Commercial MLS® # 6452185

Exceptional retail or office space, strategically located in a bustling commercial development. Offers visibility and accessibility. With generous square footage, it's the perfect canvas for...

Berkshire Hathaway Advantage Real EstateRegional Multiple Listing Service of Minnesota Logo

Active
120 Landmark Dr Ne 2, Owatonna

$14

120 Landmark Dr Ne 2, Owatonna

0 Acres 1,370 SqFt Commercial MLS® # 6426049

Medical office space available mid February 2024. Located just minutes from I-35 & Downtown Owatonna. Space is currently being used as a dental office, but could also be used for other medic...

Re/Max Advantage PlusRegional Multiple Listing Service of Minnesota Logo

Owatonna, MN Real Estate Statistics

Average Price $195K
Lowest Price $14
Highest Price $1.9M
Total Listings 145
Avg. Price/SQFT $151

Property Types (active listings)


As of February 24, 2024 there are 8 active Owatonna, MN commercial real estate listings for sale with an average listing price of $347,646. The highest-priced commercial property listing is $1,900,000, while the lowest priced commercial property can be purchased for $14. Owatonna, MN Commercial properties for sale have an average price of $55 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 10,047 square feet of living space.

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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.