Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Austin Marketplace Commercial Land Available Title is generated by Realmo AI

    1055 18th Ave NW, Austin, MN 55912

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Approximately 1.27 acres available in Austin, Minnesota.

    Type:Land
    Property size:
    10,000 SF
    Lot size:
    1.27 Acres
    Added:
    Feb 12, 2026
    Days on Market:
    99
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1055 18th Ave NW

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    1.27 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Victor Baeten

    Listing agent Victor Baeten License #WI

    Listing office Source Commercial Real Estate

    Listing date Feb 12, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Source Commercial Real Estate

    HighLights

    • 1.27 Acre Lot
    • Up to 10,000 SF Building Area
    • Close proximity to Hy‑Vee and Walmart
    • Located at Austin Marketplace
    • Nearby retailers include Marshalls and Shoe Sensation
    • Dunham’s and Ollies opening in 2026

    Overview

    Located at Austin Marketplace, Lot 3 at 1001 18th Ave NW offers approximately 1.27 acres of commercial land. The site allows for a building area of up to 10,000 square feet. The property is situated near Hy-Vee, Walmart, Marshalls, Shoe Sensation, Pet Supplies Plus, and Maurices. Dunham’s and Ollies are scheduled to open in the former ShopKo location in 2026.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -92.986787
    Latitude
    43.684723

    Nearby Similar for Sale

    • $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
    • $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
    • $249,000

      Expansive Land Parcel in Austin

      9.17 acres of vacant land suitable for various commercial uses.
      TBD 10th St 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
    • $850,000

      Austin Twp Commercial Land Available

      2.66 acre commercial land for sale in Austin Twp, MN.
      1600 10th Drive SE, Austin Twp, 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
    • $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
    • $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
    • $1,999,000

      Mixed-Use Riverfront Property

      Premier land with income-producing farmland, hunting habitat, and recreational water access.
      TBD 31st St NW, Austin, MN 55912
      View Details
    • $1,512,500

      Prime Land with Interstate Frontage

      60.5 acres with high visibility and easy interstate access.
      0 US I-90 & 31st St SW, Austin, MN 55912
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approximately 1.27 acres available in Austin, Minnesota.
    Where is this commercial land located?
    The property is located at 1055 18th Ave NW Austin, MN.
    What are key features of this property?
    This property features: 1.27 Acre Lot; Up to 10,000 SF Building Area; Close proximity to Hy‑Vee and Walmart
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Victor Baeten
    Real Estate License ID: WI
    Learn More
    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
    1055 18th Ave NW, 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!