Owatonna Land for Sale

Welcome to Owatonna, Minnesota – a charming city nestled in the heart of Steele County, where small-town warmth meets vibrant community spirit. Known for its rich history, Owatonna boasts a delightful blend of picturesque landscapes, modern amenities, and a strong sense of community. With a population of just over 25,000 residents, this city offers a welcoming atmosphere that makes it an ideal place to call home.

One of Owatonna’s standout features is its beautiful parks and recreational spaces. From the serene banks of the Straight River to the lush expanses of parks like Mineral Springs Park, outdoor enthusiasts will find plenty of opportunities for hiking, biking, and enjoying nature. The city also hosts a variety of community events throughout the year, fostering a close-knit community where neighbors become friends.

For those looking to invest in land, Owatonna presents an exciting opportunity. With numerous parcels of land for sale, prospective buyers can explore options ranging from spacious lots perfect for building a dream home to larger tracts suitable for development. The area’s growing economy, driven by a diverse range of industries, makes it an attractive location for both residential and commercial ventures.

Whether you’re seeking a peaceful retreat or a bustling environment, Owatonna offers the perfect backdrop for your next investment. With its friendly community, rich culture, and promising future, this city is not just a place to live – it's a place to thrive. Discover the possibilities that await you in Owatonna, Minnesota!

Newest Owatonna Land for Sale

$42,500

7105642 MLS

Build your dream home at 1275 Bellflower Lane in Owatonna. Located in a neighborhood with convenient access to parks, schools, shopping, dining, and major roadways, this lot offers the opportunity to build a brand-new home. Reach out today for more information and to learn about available floor plans and customization options.

1275L Bellflower Lane NE, Owatonna

Listing courtesy of Re/Max Advantage Plus.

$69,900

7096437 MLS

Buildable platted expansive .75 acre lot located in North Country Addition, Lot 17 Block 2.

2530 Mossy Creek Drive NE, Owatonna

Listing courtesy of Worth Clark Realty.

$1,629,875

7090164 MLS

130.4-Acre High-Productivity Tiled Farmland for Sale - Steele County, Minnesota (West Side of 218, that 25 acres (of the original 155.39) is pending under contract) Prime Agricultural Investment | Near Claremont Ethanol Plant | 1031 Exchange Eligible | Estimated $300/Acre Cash Rent Potential This is a rare opportunity to acquire a turnkey, income-producing Minnesota farm with exceptional soil quality, extensive drainage infrastructure, and strong local grain marketing advantages. Located in Aurora Township, Steele County (Section 8, T106N R19W), this 130.4-acre property (subject to survey and split) has been under the dedicated care of the same operator for over 55 years, reflecting pride of consistent stewardship. Superior Soil Productivity (CPI 91.4 Weighted Average): Among the highest in the region. Major soil types include Webster clay loam (40.9 acres), Glencoe clay loam (40.6 acres), Nicollet clay loam (29.4 acres), and Clarion loams - classic, high-yielding southern Minnesota soils ideal for corn, soybeans, and other row crops. Excellent yield potential and long-term soil health. Extensive Drain Tile Infrastructure: The land features comprehensive drainage improvements. Historical maps from Hodgman Drainage Company (detailed 1990s installations) show thousands of feet of 4", 5", and 6" tile lines that effectively manage these naturally heavier (poorly to somewhat poorly drained) soils, maximizing tillable acres and reliability in Minnesota's climate. Full tile maps available for review. Favorable Topography & High Usability: Gently rolling to level terrain (elevations 1,211-1,246 ft, mean ~1,229 ft) with modern equipment-friendly slopes. Minimal wetlands (only 1.34 acres per National Wetland Inventory) - the vast majority is highly tillable cropland. Strong Cash-Flow Potential: Estimated market cash rent of $300 per acre supports approximately $37,800+/- in annual gross rental income. Steele County and surrounding south-central Minnesota farmland commands premium rents for quality tiled ground due to strong tenant demand and proven productivity. Strategic Location Near Claremont Ethanol Plant: Conveniently positioned with excellent proximity to the Al-Corn Clean Fuel ethanol plant in nearby Claremont, MN. This provides local grain buyers, shorter hauling distances, lower transportation costs, and enhanced marketing flexibility - a major operational and economic advantage for both owner-operators and absentee investors. 1031 Tax-Deferred Exchange Opportunity: Seller is seeking to relinquish this property for a replacement opportunity. Additional Investment Highlights: Long-term consistant operator (55+ years) ensures the property has been well-maintained with investments in drainage and soil care. Clean, productive asset with minimal improvements beyond excellent drainage and soil base - ready for your plans or continued rental. in one of America's most reliable agricultural regions. Coordinates: Approx. 44.0045°N, 93.1413°W - easy to locate on mapping platforms. This is a low-management, high-performing agricultural real estate investment in the heart of Minnesota's fertile farmland belt. Whether you are an investor, 1031 exchanger, or expanding farm operator, this property offers proven cash flow, strong fundamentals, and future appreciation potential in a stable U.S. ag market. Detailed soil maps, topography data, full drainage tile plans are available.

TBD Highway 218, Owatonna

Listing courtesy of Midwest Home and Farm Realty.

$299,900

7059226 MLS

Rare over 1/2 acer .66 acer, lot on a cul-d-sac with mature trees . Hard to find buildable lot in the city. With a country view. Will build to suit for additional price. Picture is in photos.

1804 Northbrook Place, Owatonna

Listing courtesy of Dan Reese Realty.

$54,900

7036479 MLS

Build Your Heart a Home! Will Build to Suit! Enjoy a partial walkout basement with your plans or ours. Exclusive Builder has over 30 years of experience in Quality Construction and attention to detail. Mature development means street assessments are paid for initial street, curb and gutters. Let us walk you through the building process.

1585 Wood Duck Lane NE, Owatonna

Listing courtesy of Berkshire Hathaway HomeServices Advantage Real Estate.

$48,900

7036469 MLS

1715 Wood Duck Lane NE, Owatonna

Listing courtesy of Berkshire Hathaway HomeServices Advantage Real Estate.

$157,000

7019650 MLS

THE BEST LOT IN OWATONNA! Elevate your future dream home with this one of a kind 1.2 acres of privacy & woods in the city limits! Wake up to the park! Property is seamlessly connected to Mineral Springs Park (48 acres to explore!). Discover the perfect blend of privacy, nature, and convenience offering peaceful views, abundant wildlife and immediate access to walking trails and green space. Ideal setting with a “country feel” while just minutes from Owatonna schools & shopping and walking distance to Brooktree Golf Course. Whether you’re planning a custom home or holding land for future potential...this unique property checks all the boxes!

1407 Mineral Springs Parkway NE, Owatonna

Listing courtesy of Re/Max Advantage Plus.

$150,000

7015730 MLS

Just minutes from Highway 35, this lush and level corner lot spans nearly one and a half acres, offering outstanding visibility and accessibility-ideal for business development. The land is blanketed in rich greenery and features a smooth, flat terrain that's ready for construction. Located near the Owatonna airport, medical facilities and busy shopping centers, this property is perfectly positioned for commercial use. A prime opportunity to establish your business in a high-traffic, well-connected location.

2580 Harvest Lane, Owatonna

Listing courtesy of Edina Realty, Inc..

$850,000

7001082 MLS

Commercial or agricultural property in the Industrial Park. Almost 40 ares on a paved road with easy acccess to I-35W and Hwy 14.

TBD 18th Street SW, Owatonna

Listing courtesy of Berkshire Hathaway HomeServices Advantage Real Estate.

$35,000

6779666 MLS

Attractive wooded lot on a cul-de-sac! Build your dream home! Quick access to I35. Possible lookout and walkout options.

TBD Breckenridge Place NW, Owatonna

Listing courtesy of Coldwell Banker River Valley, REALTORS.

$64,395

6760992 MLS

Premium single-family new construction lot in a desirable location—perfect for buyers ready to design and build their custom home. This build-ready lot provides flexibility, modern infrastructure, and the opportunity to create a home that fits your lifestyle from the ground up. For those looking to build beyond a single home, we have additional lots in this Countryview addition that presents an excellent opportunity for builders and developers. Single-family residential lots are available for individual or bulk purchase, making them ideal for custom builds or spec homes.

2574 Stony Creek Drive, Owatonna

Listing courtesy of Berkshire Hathaway HomeServices Advantage Real Estate.

$62,895

6760968 MLS

Rare Opportunity on the South Side! The lot inventory on the south side is quickly disappearing. This lot is fully positioned for your next build. Located on a paved street with curb and gutter. There are no current assessments, you can move forward with confidence and clarity on your overall building costs. Whether you already have plans in hand or are just beginning to envision your dream home, this lot offers the ideal foundation. Bring your ideas—we’re ready to help guide you from concept to construction and make your new home a reality.

2104 Harbour Oak Drive SE, Owatonna

Listing courtesy of Berkshire Hathaway HomeServices Advantage Real Estate.

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