Economic Opportunities in Otsego, MN
Otsego, Minnesota, is positioned just over 30 miles from Minneapolis near several major lanes of travel: I-94, Highway 10, Highway 169, and MN Highway 101. Manufacturing, health care, social assistance, construction, and utilities are the strongest industries, but there is a healthy retail scene, as well. The city offers diverse housing options and a median household income of around $105,000. Its labor force of 9.36K is highly educated, with a 94% high school graduation rate. Otsego presents plenty of opportunities for community recreation, including tennis courts, parks, bike trails, and a splash pad.
The city officials of Otsego endeavor to support existing businesses in the city while still attracting new development. There are plenty of commercial and industrial sites available, and the city provides a variety of resources for business owners, including:
- Property tax abatement
- Deferred assessments
- Tax Increment Financing
- Economic development loan funding
- Special assessment of certain development fees
- Support of financial assistance applications through MN DEED and WCEDP
Commercial Real Estate Brokers in Otsego, MN
For current or prospective business owners looking to buy, sell, relocate, or establish their company in Otsego, choose Commercial Realty Solutions. Our team has years of experience as a full-service business brokerage, and we have the expertise to help you navigate the commercial real estate market. To get started in Otsego, Minnesota, contact our office.