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    319 Main St Austin, MN 55912

    Sponsored
    For Sale
    $489,000

    Main Street location, updated building, strong tenants.

    Property size:
    7,254 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property, located at 319 N Main Street in the heart of downtown Austin, Minnesota, presents a compelling investment opportunity. The building boasts a substantial 7,254 square feet of space, ideally suited for a variety of commercial ventures. Situated on a conveniently sized 0.1-acre lot, the property benefits from high visibility and accessibility. Recent improvements include updated windows and a refreshed front facade, enhancing both curb appeal and energy efficiency. The current tenants demonstrate a history of reliable rent payments, providing a stable income stream for the new owner. This turnkey property is ready for immediate occupancy and offers significant potential for future growth and appreciation. The building's prime location on Main Street places it within easy reach of local businesses, amenities, and a thriving community. This is a rare chance to acquire a well-maintained, income-producing commercial property in a desirable downtown setting. The asking price of $489,000 reflects the property's exceptional value and strong potential for return on investment. Don't miss this opportunity to own a piece of Austin's vibrant commercial landscape.

    Property Features for 319 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    7,254 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1883
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Mower
    State
    Minnesota
    Longitude
    -92.97517
    Latitude
    43.66886

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    FAQs

    What type of property is this?
    Mixed-use property - Main Street location, updated building, strong tenants.
    Where is this mixed-use property located?
    The property is located at 319 Main St Austin, MN.
    What is the asking price?
    The asking price for this property is $489,000.
    (507) 288-1111
    Request Owner's contact information
    319 Main St Austin, MN 55912
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    Austin, MN 55912
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    Realmo Value Estimation

    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.

    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.

    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
    319 Main St Austin, MN 55912
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