345 Florence Ave

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345 Florence Ave

Owatonna, MN 55060
Asking Price
$1.03M
Asset Type
Traditional Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Traditional office building available for purchase in Owatonna
  • Total building footprint measures 4,000 square feet
  • Current asking price for the property is $1,032,000
  • Standalone office asset located at 345 Florence Avenue
  • Strategically situated within a growing regional commercial corridor

What's Special

This traditional office building available for sale in Owatonna, Minnesota, represents a functional acquisition for professional firms or local business operators. Spanning 4,000 square feet, the property is positioned within a growing regional commercial corridor, offering proximity to established infrastructure and accessible transit routes throughout Steele County. The layout suits various professional service uses, including legal practices, financial consultancies, or administrative headquarters seeking a private, standalone office setting. Owatonna maintains a steady economic base characterized by diverse manufacturing and professional service employment. Investing in this submarket provides exposure to a community defined by its commitment to industrial growth and connectivity to the broader Twin Cities metro area. The property serves as a viable option for investors looking for mid-sized office assets or business owners aiming to establish a permanent presence in a stable, well-connected regional business environment.

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NOI
$80,000
Cap Rate
7.75%
DSCR
1.31
Strong
Cash-on-Cash
6.05%
Monthly Payment
$5,105.773
Annual Cash Flow
$18,730.725

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