OTSEGO

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 help leasing, buying, or selling commercial property in Otsego, choose Commercial Realty Solutions, a full-service business brokerage serving Central Minnesota. Our team has years of experience in the commercial real estate industry, and we have the expertise to help meet your business brokerage needs. To learn more about our services, including how we can help you sell or buy your business, contact our office.