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Pending

315 N Cedar Avenue

315 N Cedar Avenue, Owatonna, MN 55060

$388,900

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.

5
beds

3
baths

5,401.44 Sq.Ft. lot

Matthew Gillard

title Broker | Owner
PHONE (507) 456-2545
EMAIL [email protected]
DRE # 40496473

Features & Amenities

Interior

total bedrooms5
Total bathrooms3

Area & Lot

Status Pending
Lot Area5,401.44 Sq.Ft.
MLS® ID6658425
TypeCommercial
YEAR BUILT1914
School DistrictOwatonna

Exterior

STORIES2
Garage Space1.0
water SourceCity Water/Connected
utilitiesElectric Separate, Heating Separate, Hot Water Separate
roofRubber
parkingCarport, Detached Garage, Other
HEAT TYPEForced Air
AIR CONDITIONINGCentral Air
sewerCity Sewer/Connected
Disability FeaturesGrab Bars In Bathroom, Roll Under Accessibility

Financial

Sales Price$388,900
Real Estate Tax $5,982/yr

This well-maintained building has over 6200 finished square feet, with a retail business currently operating.
– RE/MAX Venture

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