$218,500

109 E School Street

Owatonna MN, 55060

Description

OPPORTUNITY plus VISION equals AMAZING POTENTIAL! This unique property offers a variety of income possibilities for out-of-the-box thinkers. The main level currently houses a very nice 1 BR apartment with both front and side access, and adjacent patio space leading to a 2-stall garage.The second main level space is being used for business purposes but could be reconverted to a studio apartment. On the second floor are 3 separate rental spaces - one is a large studio apartment, the second is a 1 BR unit and the third is an efficiency apartment. Imagine the possibilities: a combined workspace and living space with additional rental income, short or long term rental options as an alternative to hotel living, or anything else you can envision! The property has been very well maintained over the years, and has been updated with an eye to quality and functionality. High ceilings, beautiful tall windows and ample off-street parking add to the character and value of this exceptional property.

Details

MLS#5750224
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1878
Days On Site5

Features

Units5
Acreage0.28

Market Activity 55060

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Area Information
StateMN
CountySteele
CityOwatonna
Zip Code55060
Listing VS Median (in 55060)
Price:
$218,500
low | high
Med:
$135,000
88.215102974828% of Average
On Site:
5
low | high
Med:
331.500000
2% of Average
Sourced by Back At You
Listing Updated: May 7, 2021 7:30:09 AM PDT
Matt Gillard LogoMLS Number: 5750224
Listing Provided By:
Matt Gillard  of  RE MAX Venture

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