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 Market198
Property Features for 501 W Oakland Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Parking features
Covered
Exterior features
Wood
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: Aug 24
Last Checked: Aug 24 at 4:06PM
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 at 501 W Oakland Avenue includes a building constructed in 1962 with a wood exterior and forced-air heating. The existing configuration supports continued food service use, while the property information also identifies potential for adaptation to other small business or commercial uses.
The site encompasses 0.139 acres in Austin, Minnesota, near the local high school. Covered parking is provided, and an accessible approach with ramp improves entry to the building. The property is offered for sale and may suit an operator seeking an established commercial building with restaurant functionality.
The site encompasses 0.139 acres in Austin, Minnesota, near the local high school. Covered parking is provided, and an accessible approach with ramp improves entry to the building. The property is offered for sale and may suit an operator seeking an established commercial building with restaurant functionality.
Key Highlights
- Existing restaurant use with potential for other small business or commercial uses
- 0.139‑acre site at 501 W Oakland Avenue, Austin, MN 55912
- 1962 construction with wood exterior
Property Analytics
Property Profile
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
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 - Existing restaurant building with forced-air heat, covered parking, and ramp access.
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: Existing restaurant use with potential for other small business or commercial uses; 0.139‑acre site at 501 W Oakland Avenue, Austin, MN 55912; 1962 construction with wood exterior
