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    31St St Austin, MN 55912

    Sponsored
    For Sale
    $325,000

    2.24 Acres, Build-to-Suit Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2.24-acre commercial land parcel presents a unique development opportunity in Austin, Minnesota. Boasting prime visibility from Interstate 90 and Oakland Avenue, this property offers unparalleled exposure for any commercial venture. The lot's strategic location ensures high traffic counts and significant brand recognition. A key advantage is the newly completed road access, finalized in 2023, providing seamless accessibility for construction and future operations. Furthermore, an existing Interstate Hi-Rise sign is available, offering immediate branding potential. The asking price is $325,000. Located at XXX 31st Street SW, Austin, MN 55912 (43.6521392, -93.0196161), this property is situated in Mower County. This is an ideal site for businesses seeking high visibility and convenient access to major transportation routes. The expansive lot size allows for considerable flexibility in development plans, making it suitable for a wide range of commercial projects. Don't miss this chance to secure a prominent location in a thriving area. Contact us today to learn more about this exceptional opportunity.

    Property Features for 0 31St St

    General Information

    Property type
    Land
    Lot Size
    97,574 SF

    HighLights

    • 2.24‑acre commercial lot with existing Interstate Hi‑Rise sign.
    • Prime development opportunity in Austin, MN.
    • High visibility from I‑90 and Oakland Avenue.
    • New road access completed in 2023.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Austin
    County
    Mower
    State
    Minnesota
    Longitude
    -93.0196161
    Latitude
    43.6521392

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    FAQs

    What type of property is this?
    Land - 2.24 Acres, Build-to-Suit Opportunity
    Where is this land located?
    The property is located at 31St St Austin, MN.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 2.24-acre commercial lot with existing Interstate Hi-Rise sign.; Prime development opportunity in Austin, MN.; High visibility from I-90 and Oakland Avenue.
    (507) 281-1002
    Request Owner's contact information
    31St St 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
    31St St Austin, MN 55912
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