800 18Th Ave, Austin, MN 55912
This exceptional .85-acre commercial land parcel presents a compelling investment opportunity in Austin, Minnesota. Situated on 18th Ave NW within a thriving shopping district, this property boasts high visibility and exceptional access to major thoroughfares. The R-2 zoning allows for a variety of development options, including retail, residential, or mixed-use projects. Its strategic location offers proximity to key businesses such as Wal-Mart, Hy-Vee, auto parts stores, and hotels, ensuring high traffic volume and strong potential for success. The lot's convenient access to I-90 further enhances its appeal, providing easy connectivity for customers and employees. With a daily average traffic count of 7,672 vehicles, this property offers unparalleled exposure for any commercial venture. This is a rare opportunity to acquire a highly desirable commercial lot in a rapidly growing area. The asking price is $239,900. The property is located in Mower County, MN, zip code 55912.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.