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    409 11Th St Austin, MN 55912

    Sponsored
    For Lease
    $7 SF/Yr

    Large Warehouse, Office, & Yard Space

    Lot size:
    24,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional single-tenant industrial property boasts a total of 24,600 square feet, ideally suited for a variety of businesses. The space is intelligently divided to include a substantial 16,800 square foot storage facility, a climate-controlled warehouse spanning 5,000 square feet, and up to 2,800 square feet of well-appointed office space. Loading and unloading are efficient thanks to three 14' x 16' bay doors. Beyond the building itself, over two acres of land provide ample space for yard storage or parking, offering significant operational flexibility. This property enjoys a highly desirable location, offering convenient proximity to the Hormel Main Plant and the ease of access provided by its location just two minutes from Interstate 90. The combination of generous space, strategic layout, and prime location makes this an unparalleled opportunity for businesses seeking efficient and well-situated industrial space. This single-tenant property offers a unique chance to establish a strong presence in a thriving area. The climate-controlled warehouse ensures optimal conditions for sensitive materials or processes. The extensive yard space adds significant value, providing flexibility for outdoor operations or expanded storage. The proximity to major transportation routes and a significant employer makes this a highly attractive investment.

    Property Features for 409 11Th St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,600 SF

    Unit(s) available at that property

    Space
    Size
    24,600 SF
    Rate per SF
    $7

    HighLights

    • 24,600 square foot industrial warehouse available for lease.
    • The space includes a 16,800 SF storage facility, 5,000 SF climate‑controlled warehouse, and up to 2,800 SF of office space.
    • Features three 14' x 16' bay doors.
    • Over two acres of land available for yard or parking.
    • Excellent location near the Hormel Main Plant and two minutes from I‑90.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Mower
    State
    Minnesota
    Longitude
    -92.9590337
    Latitude
    43.6695724

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    FAQs

    What type of property is this?
    Distribution property - Large Warehouse, Office, & Yard Space
    Where is this distribution property located?
    The property is located at 409 11Th St Austin, MN.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 24,600 square foot industrial warehouse available for lease.; The space includes a 16,800 SF storage facility, 5,000 SF climate-controlled warehouse, and up to 2,800 SF of office space.; Features three 14' x 16' bay doors.
    Request Owner's contact information
    409 11Th St Austin, MN 55912
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    Austin, MN 55912
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    409 11Th St Austin, MN 55912
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