1906 8Th StAustin, MN 55912

Property Details for 1906 8Th St

Year built

2007

Lot size

1.60 AC

Property size (Sq ft)

20,223 SF

Property type

Retail properties

Property subtype

Strip malls

APN

34.111.0020

APU

341110020

Description

This exceptional retail and/or office space, totaling 1,600 square feet, presents a fantastic opportunity in the thriving Austin, Minnesota market. Located at 1906 8th St NW, 55912, this property boasts a highly desirable location directly adjacent to a Walmart Supercenter, ensuring consistent high foot traffic and significant customer visibility. The space is ideal for a variety of businesses, thanks to its flexible layout suitable for both traditional and creative office uses, or a retail operation. The interior has recently undergone a complete update, featuring brand new carpeting and freshly painted walls, providing a move-in ready condition. This multiple-tenancy building offers a strong sense of community, with established and successful neighboring businesses including Hormel, Allstate Insurance, Fantastic Sam's, China Star, El Patron, Cricket Wireless, and Sip N Chip. The property's strategic location and modern interior make it an exceptional investment opportunity for businesses seeking high visibility and a strong customer base in a vibrant commercial district. The space is currently available for lease. Contact us today to schedule a viewing and explore the possibilities this prime location offers.

• CAP approach

  CAP return

  Valuation

  6%

  $4,893,525

  6.5%

  $4,517,100

  7%

  $4,194,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,601,098

  Geo Method

  $2,601,098

• Alternative Use

  Use

  Valuation

  Residential

  $3,810,343

  Hospitality

  $3,490,254

  Educational

  $2,903,850

  Medical

  $3,003,718

  Retail

  $4,517,100

Location Insight

City

Austin

County

Mower

State

Minnesota

Latitude

43.6868

Longitude

-92.9847

CBSA code

12380

CBSA name

AUSTIN, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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