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Restaurant Building
For Sale
$239,900

501 W Oakland Avenue, Austin, MN 55912

The existing restaurant is near a high school in Austin, Minnesota.

Property SizeContact for details
Days on Market9

Property Features for 501 W Oakland Avenue

General Information

Standard status Active
Property subtype Commercial
Zoning Business/Commercial

Additional Details

Currently Operating Yes

Taxes and HOA fees

Annual Taxes $2,252

Building Details

Year Built 1962
Units 1
Listing Agency: RE/MAX Results
Listed By: Catalina Ferreira Truong
Source: Getyoumoved
Added: Oct 22 Changed: Oct 25 Last Checked: Oct 29 at 11:19PM

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 RE/MAX Results

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Investment Insights

Based on property information with market context.

Built in 1962, this commercial building is currently operating as a restaurant. Business/commercial zoning applies to the property, which is located at 501 W Oakland Avenue in Austin, Minnesota. Its position near a high school provides a clear point of reference for the site.

Key Highlights

  • Currently operating as a restaurant
  • Built in 1962
  • Business/commercial zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Bakery Kitchen & Bath Showroom Big Box & Wholesale Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,049
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 62% Dining 38%
Taco John's Dining
9,457 visits/mo 0.4 miles
Dollar General Shops & Services
7,679 visits/mo 0.5 miles
Wells Fargo Shops & Services
6,037 visits/mo 0.4 miles
Domino's Pizza Dining
2,588 visits/mo 0.3 miles
U.S. Bank Shops & Services
2,494 visits/mo 0.3 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The existing restaurant is near a high school in Austin, Minnesota.
Where is this conventional restaurant located?
The property is located at 501 W Oakland Avenue Austin, MN.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Currently operating as a restaurant; Built in 1962; Business/commercial zoning
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