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315 S Grove Ave - Former College Campus / Company Headquarters 370,000 SF Specialty Building Offered at $15,000,000 in Owatonna, MN 55060
Investment Highlights
- Flexible purchase options include all or part of the campus.
- Historic 19-acre campus with 13 buildings and extensive renovations.
- Auditorium-theater provides seating for approximately 400 attendees.
- Lease, lease-to-own, and seller financing opportunities may be available.
- Includes academic buildings, dormitories, dining facilities, and gymnasium.
- Downtown Owatonna location near major employers and community amenities.
Executive Summary
Positioned in downtown Owatonna, Minnesota, this historic campus presents a rare opportunity to acquire a large-scale institutional property with exceptional flexibility for ownership, occupancy, investment, or redevelopment. The approximately 19-acre campus includes 13 buildings, consisting of academic facilities, dormitories, a gymnasium, dining hall, auditorium-theater, and executive residential homes. Extensive renovations completed over the past several years have modernized the campus while preserving its established character and long-term functionality.
The property is well suited for a wide range of uses, including a college or university campus, corporate headquarters, training and education center, trade school, medical or healthcare facility, boarding school, faith-based institution, summer program campus, workforce housing, or other institutional and commercial applications. Existing dormitory accommodations, educational facilities, and support infrastructure allow a future owner to leverage significant existing improvements without the time and expense associated with new construction.
Ownership is offering multiple acquisition and occupancy structures to accommodate a variety of buyer and user needs. Opportunities may include the purchase of the entire campus, acquisition of individual buildings or portions of the property, leasing of all or part of the campus, lease-to-own arrangements, and other negotiable ownership or occupancy solutions. Seller financing may also be considered, subject to mutually acceptable terms.
Located within an entrepreneurial community that is home to multiple internationally recognized corporate headquarters, the campus benefits from a central location, established infrastructure, and immediate usability for educational, corporate, residential, institutional, or mixed-use purposes.
The property is well suited for a wide range of uses, including a college or university campus, corporate headquarters, training and education center, trade school, medical or healthcare facility, boarding school, faith-based institution, summer program campus, workforce housing, or other institutional and commercial applications. Existing dormitory accommodations, educational facilities, and support infrastructure allow a future owner to leverage significant existing improvements without the time and expense associated with new construction.
Ownership is offering multiple acquisition and occupancy structures to accommodate a variety of buyer and user needs. Opportunities may include the purchase of the entire campus, acquisition of individual buildings or portions of the property, leasing of all or part of the campus, lease-to-own arrangements, and other negotiable ownership or occupancy solutions. Seller financing may also be considered, subject to mutually acceptable terms.
Located within an entrepreneurial community that is home to multiple internationally recognized corporate headquarters, the campus benefits from a central location, established infrastructure, and immediate usability for educational, corporate, residential, institutional, or mixed-use purposes.
Property Facts
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 17-630-0101 | Improvements Assessment | $873,600 |
| Land Assessment | $745,200 | Total Assessment | $1,618,800 |
Property Taxes
Parcel Number
17-630-0101
Land Assessment
$745,200
Improvements Assessment
$873,600
Total Assessment
$1,618,800
Contacts
-
White Family Properties Vonda White -
Intermountain Design Inc Jay Nagel
- White Family Properties
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