319 Main StAustin, MN 55912

Property Details for 319 Main St

Year built

1883

Lot size

0.10 AC

Property size (Sq ft)

7,204 SF

Property type

Retail properties

Property subtype

Retail space

APN

34.185.0680

APU

341850680

Description

This exceptional mixed-use property, located at 319 N Main Street in the heart of downtown Austin, Minnesota, presents a compelling investment opportunity. The building boasts a substantial 7,254 square feet of space, ideally suited for a variety of commercial ventures. Situated on a conveniently sized 0.1-acre lot, the property benefits from high visibility and accessibility. Recent improvements include updated windows and a refreshed front facade, enhancing both curb appeal and energy efficiency. The current tenants demonstrate a history of reliable rent payments, providing a stable income stream for the new owner. This turnkey property is ready for immediate occupancy and offers significant potential for future growth and appreciation. The building's prime location on Main Street places it within easy reach of local businesses, amenities, and a thriving community. This is a rare chance to acquire a well-maintained, income-producing commercial property in a desirable downtown setting. The asking price of $489,000 reflects the property's exceptional value and strong potential for return on investment. Don't miss this opportunity to own a piece of Austin's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,743,211

  6.5%

  $1,609,118

  7%

  $1,494,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $926,584

  Geo Method

  $926,584

• Alternative Use

  Use

  Valuation

  Residential

  $1,357,351

  Hospitality

  $1,243,326

  Educational

  $1,034,433

  Medical

  $1,070,009

  Retail

  $1,609,118

Location Insight

City

Austin

County

Mower

State

Minnesota

Latitude

43.6689

Longitude

-92.9752

CBSA code

12380

CBSA name

AUSTIN, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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