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For Sale:  Owatonna MLS# 6658425

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Active NEW!
$388,900
/mo Edit
Commercial:  Apartments/Retail
Built 1914
0.12 acres
Owatonna schools
MLS# 6658425
763-576-8286
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    Property Description

    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 has over 6200 finished square feet, with a retail business currently operating on the 4, 000+ sq ft main floor that also includes a convenient kitchenette. The original high ceilings could be exposed to create a nice open feel on this level, and the large area could be divided to accommodate a variety of retail or office needs. The residential rental spaces include two large 2 bedroom apartments and one studio apartment - these are presently occupied, generating rental income toward positive cash flow. The property also offers a garage, a carport and off-street parking for use by the tenants of the building. Schedule your private showing today and bring your visions to life.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $388,900
    Property Type: Commercial
    City: Owatonna
    Garage Spaces: 1
    County: Steele
    Year Built: 1914
    State: MN
    Property Style: Apartments/Retail
    Zip Code: 55060
    Subdivision Name: Original Town

    Interior

    Ranges: Four
    Refrigerators: Four
    Basement Details: Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 1
    Garage Size: 240 ft2
    Other Parking Spaces: 1
    Air Conditioning: Central Air
    Foundation Size: 4,052 ft2
    Handicap Accessible: Grab Bars In Bathroom, Roll Under Accessibility
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Carport
    • Detached
    • Other
    Road Frontage: City Street
    Exterior Material: Brick/Stone
    Roof Details: Rubber

    Lot & Land

    Acres: 0.12
    Geolocation: 44.087276, -93.225628
    Inclusions: Building
    Lot Dimensions: 50 x 110
    Zoning: Business/Commercial

    Schools

    School District: 761
    District Phone: 507-444-8610

    Expenses

    Tenant Expenses: Electricity, Gas, Snow Removal

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $5,982
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,982

    Units

    Total Units: 3

    Miscellaneous

    Current Use:
    • Residential
    • Retail
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    Listing provided by RMLS, courtesy of RE/MAX Venture.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.