803 18Th Ave Austin, MN 55912
- Strip malls
- 11,500 SF
- 1.22 lot acres
Current Use by Public Records
- Strip malls
Property Details for 803 18Th Ave
- Year built
- 2000
- Lot size
- 1.22 lot acres
- Property size
- 11,500 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 34.543.0010
- APU
- 345430010
Description
This exceptional 11,478 square foot general commercial property, situated on a 1.22-acre lot at 803 18th Avenue NW in Austin, Minnesota, presents a remarkable retail investment opportunity. The property boasts a prime location within a thriving commercial area, ensuring high visibility and foot traffic. Its strategic placement adjacent to Jimmy John's and in close proximity to major retailers such as Hy-Vee and Walmart, along with hotels and numerous restaurants, guarantees a consistent flow of potential customers. The versatile 11,478 square foot space is adaptable to a wide array of retail businesses, making it an ideal location for entrepreneurs seeking a high-traffic, visible storefront. The property's size and location offer significant potential for growth and success within a well-established and bustling commercial district. This is a rare opportunity to secure a prominent retail space in a dynamic and rapidly growing area of Austin, MN. The property's location offers unparalleled access to a large and diverse customer base, ensuring a strong foundation for any retail venture. Don't miss this chance to establish your business in this vibrant commercial hub. The asking price for this exceptional property is $14 million.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,745,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,660,000
- 6.5%
- $1,775,000
- 7%
- $1,835,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,795,000
- Geo Method
- $1,660,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,510,000
- Retail
- $1,480,000
- Mixed-Use
- $1,965,000
- Hospitality
- $1,945,000
- Educational
- $1,845,000
- Residential Income
- $1,435,000
- Energy
- $1,435,000
- Income-Based Land
- $1,415,000
- Food Service
- $1,960,000
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Mower
- State
- Minnesota
- Longitude
- -92.9841
- Latitude
- 43.6845
- CBSA code
- 12380
- CBSA name
- AUSTIN, MN MICROPOLITAN STATISTICAL AREA
