315 S Grove Ave - Schools FOR SALE


Owatonna, MN 55060
$15,000,000 USD
208-859-1250
315 S Grove Ave, Owatonna, MN for Sale
$15,000,000 USD
Schools - FOR SALE
1/46
null | Request Cap Rate

315 S Grove Ave
Owatonna, MN 55060


OVERVIEW

This Property sits in the heart of downtown Owatonna, Minnesota. Great location for a College, Corporate Headquarters, Training Facility, Trade School, Medical Facility, Company Headquarter, Boarding School, Summer Camp, etc. A 19 acre campus with 13 beautifully historic renovated buildings, in a small entrepreneurial community with multiple worldwide company headquarters. There is a full Gymnasium, Many Academic Large and Small Classroom Buildings, 400 seat Auditorium-Theater, Dining Hall with with newer commercial-professional food equipment, 3 Dormitories with a total of 300 large, nice dorm rooms each room can sleep up to 3 people. There is a total of 11 renovated buildings and 2 large executive historic homes on 19 acres. The buildings are block and brick construction. All of the buildings have had extensive remodeling over the last 12 years. Beautiful Historic style campus. It would cost substantial money to buy property and build solid buildings like this. Each dorm to build today would be about 16+ million alone. Add all the other buildings in and the property-this listing is an amazing low price. New roofing, New Boilers, New Sidewalks over tunnels, All up to code, No Asbestos, All building tuck-pointed, New large Commercial Kitchen, Freezers, Refrigerator, Updated LED Lighting, New Carpet, New Paint, New Plumbing, Showers, Restrooms, and much more. Remodeled with care and diligence for ease of Maintenance for many years. , Buyers agent fees are negotiable. Owner is willing to carry the paper,. terms are negotiable.

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$41 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former College Campus / Company Headquarters

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

ADD'L SUBTYPES

Lodge/Meeting Hall, Police/Fire Station, Religious Facility

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

19 AC

LAND SF

827,640 SF

ZONING

R-3

APN/PARCEL ID

17-630-0101

ASK ABOUT THIS PROPERTY

Jay NagelIntermountain Design IncMore Info
208-859-1250

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Jay NagelIntermountain Design IncMore Info
208-859-1250

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.