Owatonna, MN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Owatonna, Minnesota Market population: 26K. Explore income-producing properties with verified cap rates and operating...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Owatonna MN Properties: 1.3400%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Owatonna MN
Common questions from investors exploring commercial real estate in Owatonna MN.
What is the overall investment potential of Owatonna, MN, considering its demographic and economic factors?
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Owatonna, MN presents a stable investment market, with a median household income of $53,342, a relatively low poverty rate of 9.7%, and a high health insurance coverage rate of 96.3%, indicating a strong and stable workforce. The top industries, including Finance & Insurance and Public Administration, contribute to the local economy's resilience. Additionally, the city's diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, suggests a vibrant community with potential for market demand.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Owatonna, MN?
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The average commute time of 15.4 minutes in Owatonna, MN, combined with the prevalence of driving alone and working from home, suggests a convenient and flexible transportation infrastructure. This, paired with a high health insurance coverage rate of 96.3% and a low poverty rate of 9.7%, indicates a high quality of life for residents, making it an attractive location for potential renters and investors. The diverse commute methods, including carpooling, also point to a community-oriented lifestyle.
What role does ethnic diversity play in shaping the market demand for real estate investments in Owatonna, MN?
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The ethnic diversity in Owatonna, MN, with significant White, White Non-Hispanic, and Hispanic populations, contributes to a dynamic market with varied demands for housing. This diversity, coupled with the city's strong employment rate and top industries like Finance & Insurance, suggests a stable and growing market. Furthermore, the relatively low foreign-born rate of 3.4% and high homeownership rate of 73.0% indicate a community with deep roots and a potential for long-term investment stability.
How do the poverty rate and health insurance coverage interact to influence the tenant quality and stability in Owatonna, MN's rental market?
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The combination of a relatively low poverty rate of 9.7% and a high health insurance coverage rate of 96.3% in Owatonna, MN, suggests a rental market with stable and reliable tenants. This interaction indicates that tenants are more likely to have stable employment and the means to pay rent consistently, reducing the risk for investors. Additionally, the strong employment population of 12,938 and the presence of stable industries like Public Administration contribute to a favorable rental market environment.
What insights can be gleaned from the median property value and property taxes in Owatonna, MN, for real estate investment decisions?
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The median property value of $152,700 and median property taxes of $7,363 in Owatonna, MN, provide valuable insights for investors. These figures, considered alongside the city's low poverty rate of 9.7%, high health insurance coverage of 96.3%, and diverse top industries, suggest a balanced and potentially appreciating property market. The relatively high homeownership rate of 73.0% also indicates a strong demand for housing, making Owatonna an attractive location for real estate investments, especially when considering the broader economic and demographic stability.
Owatonna MN Real Estate & City Facts
Key facts and real estate information about Owatonna MN.
What are some of the best neighborhoods to live in Owatonna?
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Some of the best neighborhoods to live in Owatonna include Lincoln Ave, which is known for its peaceful and welcoming atmosphere, and other areas in the northeast parts of the city. However, it's worth noting that the most desired areas tend to be in the northeast parts of the city, while more affordable homes are in the northwest regions.
What are some fun things to do in Owatonna?
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There are plenty of fun things to do in Owatonna, including visiting the Prairie School Bank, State School Orphanage Museum, Owatonna Arts Center, and Village of Yesteryear. You can also explore the trails, play pickleball, or take a romantic walk across Mineral Springs Park. Additionally, the city hosts outdoor concerts and theatre performances.
What is the food scene like in Owatonna?
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The food scene in Owatonna is diverse, with a range of options including Taqueria Jalisco, Torey's Restaurant & Bar, and The Smokin Silverback. There are also plenty of great food trucks and a new food tour that highlights the city's dining offerings. From Mexican to American cuisine, you'll find something to suit your taste.
What are the pros and cons of living in Owatonna?
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The pros of living in Owatonna include its peaceful and welcoming atmosphere, affordable housing options, and a range of outdoor activities. However, some cons include limited job opportunities and a relatively small population. Overall, Owatonna is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Owatonna a good place to live?
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Owatonna is a good place to live for those who value a peaceful and welcoming atmosphere, affordable housing options, and a range of outdoor activities. While it may not be the best fit for everyone, particularly those looking for a more urban lifestyle, it is a great option for families and individuals who want to escape the hustle and bustle of city life.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Owatonna MN Commercial Property: $53,342
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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