706 E Academy St, Owatonna, MN 55060 Property Records

Steele County property record for 706 E Academy St, Owatonna, MN 55060

Property Summary

Property Type	Apartments (5+ Units)
Details	13,248 sqft · built 1951
Lot Size	1.17 acres (51,183 sqft)
Owner	Company Name on File
Last Sale	$1,750,000 (Sep 2021)
Tax Bill	$30,862 (2026)
Deeds & Mortgages	Sep 2021 Sale & Construction Loan
Flood Zone	Zone X (minimal risk)
APN	`17-151-0101`

Property Details

APN / Parcel Number

Primary APN	`17-151-0101`

Interior

Units	22 Units
Building Area	13,248 sqft Finished Area
1st Floor Area	3,312 sqft

Exterior

Year Built	Built 1951
Effective Year Built	Effective 1951
Exterior Material	Brick
Foundation Type	Concrete
Roof Material	Asphalt
Lot Area	51,183 sqft (1.17 acres)
Garage Type	Detached
Parking Spaces	12 Parking Spaces

Utilities, Heating & Cooling

Heating System	Forced Air with A/C

Location & Zoning

Street Address	706 E ACADEMY ST
City	OWATONNA
State	MN
Zip	55060-3181
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	MORNINGSIDE BLK.1 LOTS 1-2-3-4 MORNINGSIDE
Legal Section	TW
Legal Subdivision	MORNINGSIDE
Legal Block	1
Legal Lot Number	1-4
Jurisdiction	STEELE MN
Township / Civil Division	OWATONNA
Census Block Group	2
Census Block	2028
Census Tract	960200

Owner

706 E Academy St, a residential property, is owned by a company that bought it in September 2021.

Source: Steele County records, as of October 1, 2026

Owner of Record	Company Name on File
Mailing Address	4725 EXCELSIOR BLVD, 300, MINNEAPOLIS, MN 55416-3046
Owner Type	Company
Vesting	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Sep 9, 2021 · Amount on File
Deed Sale	Sep 9, 2021 · Amount on File
Deed Document Number	2021438468
Prior Transfer Date	Jul 1, 2007
Prior Transfer Doc	0000351284
Record Updated	Oct 29, 2026

September 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	STEELE MN
Recording Date	Sep 9, 2021
Property Address	706 E ACADEMY ST, OWATONNA, MN 55060-3181
Document Number	A000438468
Instrument Date	Sep 9, 2021
Instrument	A000438468
Transaction Type	Transfer
Record Updated	Nov 29, 2023
Title Company	COMMERCIAL PARTNERS TITLE

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$5,775.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	4725 EXCELSIOR BLVD STE 300, 300, ST LOUIS PARK, MN 55416-3046

Mortgage

Document Number	A000438469
Date	Sep 9, 2021
Instrument	A000438469

Lender

Name	FIRST BANK & TRUST
Type	Bank

Agreement

Type	Construction Mortgage
Amount	Amount on Record
Term	120 Months
Due	Sep 7, 2031

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

The 2026 property tax bill for 706 E Academy St was $30,862.

Source: Steele County assessment roll, as of October 1, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Steele County
Municipality	Owatonna City
Unified School District	Owatonna Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$30,862.00	$1,729,300 (+8.69%) Land $140,800 Building $1,588,500	$1,729,300 (+8.69%) Land $140,800 Building $1,588,500
2025		$1,591,000 Land $135,700 Building $1,455,300	$1,591,000 Land $135,700 Building $1,455,300
2023	$25,782.00	$1,392,100 Land $135,700 Building $1,256,400	$1,392,100 Land $135,700 Building $1,256,400

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 706 E Academy St in Zone X, an area of minimal flood risk, though there have been 4 flood claims nearby since 2010.

Source: FEMA National Flood Hazard Layer, effective November 11, 2014 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Claims	4 (2010)
Claims Outside the SFHA	3 of 4
Most Recent Claim	Sep 2010 · Severe Storms And Flooding
Claims by Event	Severe Storms And Flooding, Sep 2010 · 4 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 706 E Academy St is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 99.1% of the US · lower than 96% of Minnesota
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	Owatonna serves 26,430 people · EPA ID MN1740007
Water Source	Groundwater
Last State Inspection	Dec 2025
Lead	2 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 363 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Metronet Fiber	5,120 / 5,120
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000
Verizon Fixed Wireless	300 / 20
GigFire Fixed Wireless	150 / 130
Midco Fixed Wireless	100 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: Minnesota WiFi.

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