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561 Riverwood Drive
Owatonna, MN 55060
Owatonna Multifamily · Land For Sale · 4.50 ac

INVESTMENT HIGHLIGHTS

  • Spacious grounds approved for multifamily development
  • Favorable zoning regulations for multifamily construction
  • Opportunity for tailored development to meet market needs
  • Proximity to essential services and conveniences
  • Strong market demand for multifamily residences in Owatonna
  • Access to major transportation routes for convenience

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Build-to-Rent
Total Plot Size 4.50 ac

DESCRIPTION

This property offers the potential for a lucrative investment in the flourishing Owatonna market. Boasting attractive features such as spacious grounds, modern amenities, and convenient access to essential services, this property is positioned to cater to the rising demand for multifamily residences in the area. Capitalize on the promising potential of this well-situated property to secure a lasting investment in the thriving Owatonna community.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-566-0227
Land Assessment
£61,189
Improvements Assessment
£0
Total Assessment
£61,189
  • Listing ID: 35192405

  • Date on Market: 19/03/2025

  • Last Updated:

  • Address: 561 Riverwood Drive, Owatonna, MN 55060

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