Property profile

1906 8Th St Northwest Austin, MN 55912

FOR SALE
Strip malls
Property ID
US46-2110944
20,223 SF 1.6 ac lot Built 2007
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail and/or office space, totaling 1,600 square feet, presents a fantastic opportunity in the thriving Austin, Minnesota market. Located at 1906 8th St NW, 55912, this property boasts a highly desirable location directly adjacent to a Walmart Supercenter, ensuring consistent high foot traffic and significant customer visibility. The space is ideal for a variety of businesses, thanks to its flexible layout suitable for both traditional and creative office uses, or a retail operation. The interior has recently undergone a complete update, featuring brand new carpeting and freshly painted walls, providing a move-in ready condition. This multiple-tenancy building offers a strong sense of community, with established and successful neighboring businesses including Hormel, Allstate Insurance, Fantastic Sam's, China Star, El Patron, Cricket Wireless, and Sip N Chip. The property's strategic location and modern interior make it an exceptional investment opportunity for businesses seeking high visibility and a strong customer base in a vibrant commercial district. The space is currently available for lease. Contact us today to schedule a viewing and explore the possibilities this prime location offers.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Total area 20,223 SF
Lot 1.6 ac (69,696 SF)
APN 34.111.0020
UPID US46-2110944

Cap rate & NOI

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

Location

1906 8Th St Northwest Austin, MN 55912
Austin metro Census 100 AUSTIN, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.01M

Owner & transaction history

since 2022
Last sale
$2.1M
4 recorded transactions
2022
$2.1M
2017
Price N/A
2006
$340,000
2006
Price N/A

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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