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    Property profile & analytics
    OFF-MARKET Estimated value $1,800,000
    Strip malls

    803 18th NW Ave, Austin, MN 55912-2385

    11,500 SF 1.22 ac lot Built 2000
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US46-2539133
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.75M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.80M
    Owner & transaction history
    Ksl Properties LLC · 4 yrs held
    Ksl Properties LLC
    since 2022
    Last sale
    $1.9M
    7 recorded transactions
    2022
    $1.9M
    2013
    $850,000
    2013
    2008
    $160,000
    2006
    2005
    2005
    $925,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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