Restaurant Building with Covered
For Sale
$239,900
501 W Oakland Avenue, Austin, MN 55912
Commercial Sale, Austin, MN
Property SizeContact for details
Lot Size0.14 Acres
Days on Market244
Property Features for 501 W Oakland Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Parking features
Covered
Accessibility
Accessible Approach with Ramp
Subdivision
West Park
High school district
Austin
Directions
Corner of Oakland Ave West and 4th St.
Standard status
Active
APN
347850720
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2252
Utilities
Heating system
Forced Air
Building Details
Year built
1962
Listing Agency:
RE/MAX Results · RE/MAX International
(507) 433-0013
Listed By:
Catalina Ferreira Truong
(952) 829-2900
Added: Feb 7
Changed: Oct 8
Last Checked: Oct 9 at 12:06PM
MLS# 7018398
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property occupies a 0.139-acre parcel and was built in 1962. Forced-air heating, covered parking, and an accessible approach with a ramp are among its existing features. The building is currently operating as a restaurant, with potential for continued food service or adaptation to another small business use.
The property is near a high school in Austin, Minnesota.
The property is near a high school in Austin, Minnesota.
Key Highlights
- Restaurant building on a 0.139‑acre parcel
- Built in 1962
- Covered parking
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
81k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
Kwik Trip
Shops & Services
20,841 visits/mo
0.5 miles
McDonald's
Dining
19,421 visits/mo
0.4 miles
Taco John's
Dining
9,457 visits/mo
0.1 miles
Dollar General
Shops & Services
7,679 visits/mo
0.1 miles
Wells Fargo
Shops & Services
6,037 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
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Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The building is currently used for restaurant service and may also accommodate another small commercial use.
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: Restaurant building on a 0.139‑acre parcel; Built in 1962; Covered parking
