Property profile

803 18Th Ave NW Austin, MN 55912

FOR LEASE
Strip malls
Property ID
US46-2539133
11,500 SF 1.22 ac lot Built 2000
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 11,478 square foot general commercial property, situated on a 1.22-acre lot at 803 18th Avenue NW in Austin, Minnesota, presents a remarkable retail investment opportunity. The property boasts a prime location within a thriving commercial area, ensuring high visibility and foot traffic. Its strategic placement adjacent to Jimmy John's and in close proximity to major retailers such as Hy-Vee and Walmart, along with hotels and numerous restaurants, guarantees a consistent flow of potential customers. The versatile 11,478 square foot space is adaptable to a wide array of retail businesses, making it an ideal location for entrepreneurs seeking a high-traffic, visible storefront. The property's size and location offer significant potential for growth and success within a well-established and bustling commercial district. This is a rare opportunity to secure a prominent retail space in a dynamic and rapidly growing area of Austin, MN. The property's location offers unparalleled access to a large and diverse customer base, ensuring a strong foundation for any retail venture. Don't miss this chance to establish your business in this vibrant commercial hub. The asking price for this exceptional property is $14 million.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2000
Total area 11,500 SF
Lot 1.22 ac (53,143 SF)
APN 34.543.0010
UPID US46-2539133

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service
  • (Bike/Boat/Book/etc) Store Pet Store & Service
  • Veterinary Clinic
  • Veterinary Clinic
  • (Bike/Boat/Book/etc) Store

Location

803 18Th Ave NW Austin, MN 55912
Austin metro Census 100 AUSTIN, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.75M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.75M

Owner & transaction history

since 2022
Last sale
$1.9M
7 recorded transactions
2022
$1.9M
2013
$850,000
2013
Price N/A
2008
$160,000
2006
Price N/A
2005
Price N/A
2005
$925,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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