R-2 Multi-Family Development
For Sale
Contact for pricing
18th Ave NW, Austin, MN 55912
R-2 zoned land in central Austin, MN with nearby national retailers and close access to I-90 and Highway 218.
Property SizeContact for details
Lot Size1.10 Acres
Days on Market71
Property Features for 18th Ave NW
General Information
Standard status
Active
Lot size
1.10 Acres
Property subtype
LAND
Zoning
R-2
Additional Details
Highway Access
Yes
Listing Agency:
Hamilton Real Estate
(507) 271-5553
Listed By:
Ari Kolas
(507) 271-5553
Source:
Moodyscre
Added: Jun 3
Changed: Aug 8
Last Checked: Jul 15 at 9:44PM
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 Hamilton Real Estate
Investment Insights
Based on property information with market context.
This listing offers R-2 Multi-Family Residential zoned land totaling 1.10 acres, suitable for redevelopment. The property is being marketed as a redevelopment site, with land ready for an operator or developer to plan future multi-family use within the established R-2 framework.
The parcel is located in the center of Austin, Minnesota in the Prime Retail Trade area. Surrounding businesses include Walmart, Marshalls, Ashley Furniture, and Hy-Vee, among others. Access is described as being just 2 minutes from Interstate 90 and Highway 218. The listing also notes over 20,000 cars daily.
For buyers looking for a multi-family development opportunity, this site’s R-2 zoning and retail-adjacent context can support planning for residential projects aligned with the permitted residential category. Given the stated focus on redevelopment, the property may appeal to investors and developers seeking a land asset in a well-established area with convenient highway access.
The parcel is located in the center of Austin, Minnesota in the Prime Retail Trade area. Surrounding businesses include Walmart, Marshalls, Ashley Furniture, and Hy-Vee, among others. Access is described as being just 2 minutes from Interstate 90 and Highway 218. The listing also notes over 20,000 cars daily.
For buyers looking for a multi-family development opportunity, this site’s R-2 zoning and retail-adjacent context can support planning for residential projects aligned with the permitted residential category. Given the stated focus on redevelopment, the property may appeal to investors and developers seeking a land asset in a well-established area with convenient highway access.
Key Highlights
- 1.10‑acre R‑2 multi‑family residential‑zoned land in central Austin, MN
- Prime retail trade area with nearby national retailers including Walmart, Marshalls, Ashley Furniture, and Hy‑Vee
- Just 2 minutes from Interstate 90 and Highway 218
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 55912, MN
29,718
Population
12,443
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
88%
High-School Grad
188.0 sq mi
ZIP Area
158
Density / Sq Mi
$68,205
Median Household Income
$43,937
Median Earnings
$864
Median Rent
$161,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - R-2 zoned land in central Austin, MN with nearby national retailers and close access to I-90 and Highway 218.
Where is this residential land & home lot located?
The property is located at 18th Ave NW Austin, MN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1.10‑acre R‑2 multi‑family residential‑zoned land in central Austin, MN; Prime retail trade area with nearby national retailers including Walmart, Marshalls, Ashley Furniture, and Hy‑Vee; Just 2 minutes from Interstate 90 and Highway 218
