Owatonna
Real Estate
Local landlords gather for annual housing summit
In the summer of 2022, the United Way of Steele County conducted a GAP analysis and found there was a great need for affordable housing in Steele County, specifically Owatonna. It was for this reason and more why local landlords were invited to learn more Friday about the various housing programs offered in Steele County and discuss successes and challenges they face as landlords. According to the study, 3,515 households...
Buyer wanted: Fleckenstein Building is on the market
With its bricks and a dark green trim, the Fleckenstein Building is hard to miss on downtown Faribault’s Central Avenue. Built in 1884, the building was once owned by Frederick Fleckenstein, a relative to the prominent onetime local brewer, according to Dalby Database. The Fleckenstein Building was a mercantile shop that sold dry goods. The building is now for sale. It went on the market last month, with an asking...
Valuation spikes bring large increases to residential property taxes
Last week, property owners received their truth-in-taxation (TNT) statements from the Steele County Assessor’s Office — and the numbers inside those envelopes were alarming. Due to the competitive and expensive housing market seen in late 2020 and throughout 2021, many Steele County residential properties saw a significant increase in their proposed taxes for 2023 — some as high as 20%. According to County Treasurer and Finance Director Cathy Piepho, this is an extreme change that even shocked the county administration team when they first saw...
Property owners express distress over streetscape assessments
Two common themes came out of the feedback from Tuesday night’s public hearing at the Owatonna City Council meeting: the newly finished streetscape project looks fantastic, and the costs businesses will incur to pay for it is higher than what many feel is reasonable. The public hearing was held for the proposed assessments the city plans to impose to pay for the streetscape project along the 100-300 blocks of N. Cedar Avenue in downtown Owatonna. While discussion of the assessments first took place at the...
Lot split 1st phase of new industrial plats
The city is continuing to grow, and developers outside of Owatonna continue to want to be a part of it. Following a unanimous vote Tuesday night by the Owatonna City Council, the Hamilton Real Estate Group will be eyeing up its next project in the community. Having recently finished The Pearl apartments on Pearl Street and the Courtyard by Marriott hotel on the 200 block of North Cedar Avenue, the development company owned by Mac Hamilton is looking to venture outside of the downtown district. ...
Southern Minnesota “Political” House up for Auction
If you look at the Zillow website enough you will find some fairly odd things on there. Sometimes there is a swimming pool in the middle of the house that seems like it should be a living room, there could be a "barbie house", or some other sort of retro home that never got out of the 60s or 70s and now seems "cool" again. Or maybe a nice little friendly ghost that shows up in some of the posted photos. Or, you could run across this one that is up for auction in Waseca.
Southern Minnesota “Political” House up for Auction
If you look at the Zillow website enough you will find some fairly odd things on there. Sometimes there is a swimming pool in the middle of the house that seems like it should be a living room, there could be a "barbie house", or some other sort of retro home that never got out of the 60s or 70s and now seems "cool" again. Or maybe a nice little friendly ghost that shows up in some of the posted photos. Or, you could run across this one that is up for auction in Waseca.
Faribault apartment building gets tax subsidy
The developer of a four-story apartment building in Faribault may receive up to $700,000 in tax increment financing subsidies. The Faribault City Council gave several more approvals for the 77-unit building near the viaduct Wednesday, including sale of city land and creation of a tax increment financing district. The city purchased several acres of land east of Willow Street and south of First Street NE aiming to facilitate a redevelopment....
Southern Minnesota “Political” House up for Auction
If you look at the Zillow website enough you will find some fairly odd things on there. Sometimes there is a swimming pool in the middle of the house that seems like it should be a living room, there could be a "barbie house", or some other sort of retro home that never got out of the 60s or 70s and now seems "cool" again. Or maybe a nice little friendly ghost that shows up in some of the posted photos. Or, you could run across this one that is up for auction in Waseca.
Southern Minnesota “Political” House up for Auction
If you look at the Zillow website enough you will find some fairly odd things on there. Sometimes there is a swimming pool in the middle of the house that seems like it should be a living room, there could be a "barbie house", or some other sort of retro home that never got out of the 60s or 70s and now seems "cool" again. Or maybe a nice little friendly ghost that shows up in some of the posted photos. Or, you could run across this one that is up for auction in Waseca.
Apartment building gains council go-ahead
A four-story apartment building has gained approvals from the Faribault City Council, and the city will fund a new road and utility extensions to the apartments, as well as proposed adjacent senior housing. The council approved conditional use permits and other measures Tuesday for the 77-unit, $13 million apartment building planned on city land, east of Willow Street, south of the viaduct. A zoning amendment and one other item require a second public reading before the council can give its approval. ...
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