600 2Nd St Austin, MN 55912
- Specialty properties
- 3,681 SF
- 0.50 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 600 2Nd St
- Year built
- 1971
- Lot size
- 0.50 lot acres
- Property size
- 3,681 SF
- Property type
- Specialty properties
- APN
- 34.460.0450
- APU
- 344600450
Description
This exceptional two-level mixed-use building, located at 600 2nd St NW in Austin, Minnesota, offers 5,000 square feet of versatile space. The main level, approximately 5,000 square feet, features a fully finished basement, providing ample room for a variety of uses. The open floor plan allows for flexible configurations to suit diverse business needs, whether traditional office, coworking space, or creative office. Its prime location offers easy access to local shops, restaurants, and entertainment, with the added convenience of being within walking distance of Main Street. Ample parking is available for tenants and visitors. The building's location in Austin, Mower County, Minnesota (zip code 55912), places it near a wide array of attractions, making it an ideal location for both work and leisure. This single-tenant property presents a fantastic opportunity to establish a thriving business in a vibrant and growing community. The property is categorized as Retail, Office, and Special Purpose, offering significant potential for a variety of businesses. This is a unique opportunity to acquire a well-situated and adaptable commercial property in a desirable Minnesota location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $740,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $760,000
- 6.5%
- $790,000
- 7%
- $815,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $910,000
- Geo Method
- $805,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $775,000
- Retail
- $705,000
- Mixed-Use
- $880,000
- Hospitality
- $805,000
- Educational
- $660,000
- Residential Income
- $800,000
- Energy
- $775,000
- Income-Based Land
- $700,000
- Food Service
- $740,000
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Mower
- State
- Minnesota
- Longitude
- -92.9769
- Latitude
- 43.6711
- CBSA code
- 12380
- CBSA name
- AUSTIN, MN MICROPOLITAN STATISTICAL AREA