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$500,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 3,452 Sq. Ft.
  • 0.202 Acres
  • Updated 2 days ago
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Prime downtown Owatonna commercial opportunity available for lease or for sale! This versatile property offers 2,252 sq. ft. on the main level with 8 offices, conference room, welcoming lobby, large reception area with concrete countertop, and 3 bathrooms. A high-ceiling basement provides additional storage and potential expansion space. Enjoy the convenience of a private parking lot, a valuable feature in the heart of downtown. Recent updates include a new roof and freshly painted exterior. Ideal for professional offices, service-based businesses, or an owner-user looking to invest in a great downtown location.

Full Property Details for 152 E Pearl St

General

  • Price: $500,000
  • Taxes: $9,716 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7138244
  • Updated: 9/3/2026
  • Added to Site: 3 day(s) ago

Interior

  • Appliances: Refrigerator
  • Flooring: Carpet, Tile

Parking

  • Parking Features: Concrete, Parking Lot, Paved Lot

Location

  • County: Steele
  • Township: Owatonna
  • Subdivision: Original Town
  • Driving Directions: I35 Bridge St exit head east until you reach S Elm Ave. Then turn left heading north for 3 blocks then turn left on Pearl. Property is on the corner of Pearl & S Elm.

School Information

  • School District: 761 - Owatonna
  • High School District: Owatonna

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common, Heating Common

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Basement Desc.: Block, Full, Storage Space
  • Foundation Size: 2252
  • Roof: Age 8 Years or Less
  • Disability Access: Doors 36"+, Grab Bars In Bathroom, Door Lever Handles
  • Square Feet: 3,452
  • Finished Down/Base.: 3,452 Sq. Ft.
  • Current Bldg. Use: Professional/Office, Commercial, Office, Professional Service
  • Year Built: 1984

Lot Features

  • Lot Size (Acres): 0.202
  • Lot Dimensions: 67 x 131.5
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
  • Potential Use: Office, Professional Service
  • Zoning: Business/Commercial
  • Lot Description: Corner Lot

Financial Considerations

  • Tax Amount: $9,716
  • Tax Year: 2026
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: BLOCK 20 ORIGINAL TOWN SUBLOT 3 OF LOT 9 & S1/2 SUBLOT 2 OF LOT 9 SUBLOT 3 OF LOT 8 & S1/2 SUBLOT 2 OF LOT 8
  • Inclusions: Building, Land
  • Property ID: 171002010

Listed by eXp Realty

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— 152 E Pearl St —

  • eXp Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 152 E Pearl St

School District:Owatonna Public School District
NameGradesDistance
Washington Elementary School, Owatonna, MN
423 14th Street Northeast, Owatonna, MN 55060
K-50.8 mi
Owatonna Junior High School
500 15th Street Northeast, Owatonna, MN 55060
6-81 mi
Owatonna Senior High School
333 East School Street, Owatonna, MN 55060
9-120.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 152 E Pearl St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/03/2026
Listed
$500,000
70.75%
MLS
4/30/2024
Sold
$292,830
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 152 E Pearl St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$9,716
52%
$344,400
40%
2023
$6,390
-8%
$246,400
6%
2022
$6,922
3%
$232,900
7%
2021
$6,712
4%
$217,952
3%
2020
$6,450
5%
$210,994
7%
2019
$6,146
4%
$196,882
—
2018
$5,916
-6%
$196,882
4%
2017
$6,326
—
$189,630
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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152 E Pearl Street, Owatonna, MN 55060 (MLS# 7138244) is a Commercial property. 152 E Pearl Street is currently listed for $500,000 and was received on September 03, 2026. Want to learn more about 152 E Pearl Street? Do you have questions about finding other Commercial real estate for sale in Owatonna? You can browse all Owatonna real estate or contact a Coldwell Banker agent to request more information.

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