$388,900
315 N Cedar Avenue Owatonna, MN 55060
For Sale MLS# 6658425
6,212 sq ft Commercial
Details for 315 N Cedar Avenue
MLS# 6658425
Description for 315 N Cedar Avenue, Owatonna, MN, 55060
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 Information
Property Type: Commercial, Apartments and Retail
Status: Active
Bedrooms: 5
Bathrooms: 3
Lot Size: 0.12 Acres
Square Feet: 6,212 sq ft
Year Built: 1914
Foundation: 4,052 sq ft
Garage: Yes
Stories: 2 Stories
Subdivision: Original Town
Number Of Units Total: 3
Current Use: Residential,Retail
County: Steele
Days On Market: 327
Construction Status: Previously Owned
School Information
District: 761 - Owatonna
Interior Features
Flooring: Carpet,Tile,Vinyl/Linoleum
Basement: Unfinished
Doors/Windows: Display Window(s)
Accessibility: Roll Under Accessibility, Grab Bars In Bathroom
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Separate,Hot Water Separate
Cooling: Central
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Garage Spaces: 1
Open Parking: 1
Parking Description: Carport, Detached Garage, Other, Garage Sq Ft - 240.0
Exterior: Brick/Stone
Roof: Rubber
Lot Dimensions: 50 x 110
Zoning: Business/Commercial
Additional Exterior/Lot Features: Land Inclusions - Building, Road Frontage - City
Unit Information
Unit 1 Actual Rent: 800
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 1 Rooms Total: 4
Unit 2 Actual Rent: 1025
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 2 Rooms Total: 5
Unit 3 Actual Rent: 1025
Unit 3 Baths Total: 1
Unit 3 Beds Total: 2
Unit 3 Rooms Total: 6
Driving Directions
From I35 take Hoffman Dr and go East. Turn left on Rose St and then a right onto Cedar Ave. Property will be on the left.
Financial Considerations
Tenant Pays: Electric,Gas,Snow
Owner Pays: Water
Tax/Property ID: 171002025
Tax Amount: 5982
Tax Year: 2024
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: RE/MAX Venture
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 315 N Cedar Avenue
Sales History
| Date | Price | Change |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 315 N Cedar Avenue
| Schools in attendance boundaries | Grades | Distance | Rating |
|---|---|---|---|
| Loading... | |||
| Schools nearby | Grades | Distance | Rating |
|---|---|---|---|
| Loading... | |||
Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
Coming soon properties will soon be on the market, but are not yet available for showings.