Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    31St St Austin, MN 55912

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.24 Acres, Build-to-Suit Opportunity

    Property Features for 0 31St St

    General Information

    Property type
    Land
    Lot Size
    97,574 SF

    We can help!

    Listing Contact
    Ari Kolas
    Ari Kolas

    Listing Agency: Hamilton Real Estate Listing Agent: Ari Kolas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    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 Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Austin
    County
    Mower
    State
    Minnesota
    Longitude
    -93.0196161
    Latitude
    43.6521392

    Nearby Similar for Sale

    • New
      $1,250,000
      1.53 Acres

      Gas Station & Convenience Store

      Gas station and convenience store with high-visibility location and income.
      1400 14Th St NW, Austin, MN 55912
      View Details
    • $595,000
      3,136 SF

      Acreage with Ranch-Style Home

      13.51 acre property with a spacious ranch-style home near Austin.
      24826 560Th Ave, Austin, MN 55912
      View Details
    • $134,900
      0.13 Acres

      Commercial Property in Prime Location

      Commercial property on main thoroughfare with handicap access and garages.
      1106 1St Ave SW, Austin, MN 55912
      View Details
    • $225,000
      0.18 Acres

      Commercial Property with Shop Space

      Commercial property with office, shop, and parking in Austin, MN.
      1007 3Rd Ave NE, Austin, MN 55912
      View Details
    • $265,000
      0.14 Acres

      Prime Commercial Building For Sale

      Commercial building on a busy corner, suitable for various businesses.
      501 W Oakland Ave, Austin, MN 55912
      View Details
    • $3,703,703
      14,733 SF

      Walgreens Investment Opportunity

      Austin, MN Walgreens - NNN Lease
      1420 W Oakland Ave, Austin, MN 55912
      View Details
    • Contact for pricing
      12,224 SF

      Modern Self-Storage Facility For Sale

      Climate-controlled storage facility with outdoor parking on 4.2 acres.
      1719 10Th Dr SE, Austin, MN 55912
      View Details
    • $179,900
      0.30 Acres

      Commercial Property in Southeast Austin

      Commercial property with rental or business opportunities in Austin, MN.
      605 10Th Dr SE, Austin, MN 55912
      View Details
    • $1,595,000
      2.37 Acres

      Ankeny's Mini-Mart #5: Austin, MN

      Prime Mixed-Use Investment Opportunity
      1400 14Th St, Austin, MN 55912
      View Details
    • Contact for pricing
      11,478 SF

      Austin Retail Space: Prime Location

      High-traffic retail space, excellent visibility.
      803 18Th Ave, Austin, MN 55912
      View Details
    • $489,000
      7,254 SF

      Downtown Austin Mixed-Use Gem

      Main Street location, updated building, strong tenants.
      319 Main St, Austin, MN 55912
      View Details
    • $650,000
      4,336 SF

      Austin Car Wash & Detail Shop

      Established Business, High Revenue
      210 Oakland Ave, Austin, MN 55912
      View Details

    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 Call to check price and availability
    Request Owner's contact information
    31St St Austin, MN 55912
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31St St
    Austin, MN 55912
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ari Kolas
    Ari Kolas
    (507) 281-1002 (507) 271-5553
    Learn more
    Google sign-in failed. Please try again or use another login method.