Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Property in Austin, MN Title is generated by Realmo AI

    605 10th Drive SE, Austin, MN 55912

    View on Map
    Claim this Listing
    For Sale
    $149,999

    Commercial - Austin, MN

    Lot size:
    0.30 Acres
    Added:
    Nov 25, 2025
    Days on Market:
    187
    Last Refresh:
    May 31 at 9:06 pm

    Property Features for 605 10th Drive SE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Parking features
    Driveway, Parking Lot
    Exterior features
    Block
    Standard status
    Active
    APN
    342450120
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1528

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1947
    Flooring type
    Concrete
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    David Thompson

    Listing agent David Thompson

    Listing office Infinity Real Estate 2460 Broadway Ave N, Rochester, MN

    Listing date Nov 25, 2025

    MLS# 6821483 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial property with multiple opportunities for private shops or rental income.
    • All units have separate utilities.
    • Tenants responsible for utilities.
    • Located in SE Austin, MN.
    • Constructed of durable block.
    • Features a parking lot and driveway.

    Overview

    This commercial property, located in Southeast Austin, Minnesota, presents several opportunities. It can continue to be rented out or transformed to suit various purposes, such as private shops or rental units. All units have separate utilities, which are the responsibilities of the tenants. The lot size is 0.3 acres. The zoning is Business/Commercial.
    Property Profile Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Mower
    State
    Minnesota
    Longitude
    -92.961525
    Latitude
    43.66163

    Nearby Similar for Sale

    • $1,650,000

      Profitable Truck Wash Business Opportunity

      Operating truck wash business for sale in Austin's Opportunity Zone.
      501 11th Street NE, Austin, MN 55912
      View Details
    • $180,000

      Remodeled Commercial Building in Austin

      Well-maintained commercial building, move-in ready for various business ventures.
      808 W Oakland Avenue, Austin, MN 55912
      View Details
    • $275,000

      Prime Austin Office Property

      Excellent commercial location with multiple offices and rental income.
      108 & 110 N Main Street, Austin, MN 55912
      View Details
    • $699,990

      High-Visibility Commercial Property in Austin, MN

      Commercial property on 0.78 acres with redevelopment potential.
      1507 W Oakland Avenue, Austin, MN 55912
      View Details
    • $1,250,000

      Gas Station & Convenience Store

      Gas station and convenience store with high-visibility location and income.
      1400 14th Street NW, Austin, MN 55912
      View Details
    • $290,000

      Commercial Property with Shop Space

      Commercial property ideal for various trades with storage and office.
      1007 3rd Avenue NE, Austin, MN 55912
      View Details
    • $119,900

      Commercial Property on Main Drag

      Commercial property in prime location on main drag in Austin.
      1106 1st Avenue SW, Austin, MN 55912
      View Details
    • $249,900

      Austin Commercial Building For Sale

      Commercial building on a busy corner, suitable for various businesses.
      501 W Oakland Avenue, Austin, MN 55912
      View Details
    • $1,650,000
      11,664 SF

      Profitable Truck Wash Business For Sale

      Operating truck wash business with equipment in Austin's Opportunity Zone.
      501 11th St NE, Austin, MN 55912
      View Details
    • $825,000
      13,000 SF

      Versatile Warehouse Space in Austin

      13,000 sqft warehouse with offices and loading docks.
      1200 21st Ave NE, Austin, MN
      View Details
    • $649,000
      12,224 SF

      Modern Self-Storage Facility For Sale

      Climate-controlled storage facility with outdoor parking on 4.2 acres.
      1719 10th Dr SE, Austin, MN
      View Details
    • $3,703,703
      14,733 SF

      Walgreens

      Freestanding Walgreens with corporate-guaranteed lease until 2034 in Austin, MN.
      1420 W Oakland Ave, Austin, MN 55912
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property with rental opportunities in Southeast Austin, Minnesota.
    Where is this specialty property located?
    The property is located at 605 10th Drive SE Austin, MN.
    What is the asking price?
    The asking price for this property is $149,999.
    What are key features of this property?
    This property features: Commercial property with multiple opportunities for private shops or rental income.; All units have separate utilities.; Tenants responsible for utilities.
    (507) 438-9646
    We can help!
    Listing Contact
    David Thompson
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    605 10th Drive SE, Austin, MN 55912
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!