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    FOR LEASE
    Retail space

    1209 18Th Ave NW, Austin, MN 55912

    90,492 SF 9.87 ac lot Built 1984
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US46-2066423
    Property summary
    AI-generated overview

    This expansive 90,461-square-foot former Shopko building in Austin, Minnesota, presents a unique redevelopment opportunity. Located at 1209 18th Ave NW, 55912, this standalone retail space boasts high visibility at the intersection of 15th Ave NW and 14th St NW. The property offers flexible lease terms and can be subdivided to accommodate various tenants, from traditional office spaces and medical facilities to creative offices, coworking spaces, restaurants, and general retail. With a minimum divisible space of 10,000 square feet, the building is adaptable to a wide range of business needs. The property benefits from a shared parking lot with approximately 450 spaces, providing ample parking for tenants and customers. This shared lot is conveniently located alongside established national retailers such as Marshalls, HyVee, Anytime Fitness, and Wendy's, ensuring high foot traffic and brand recognition. The building's location in Mower County, Minnesota, offers access to a strong local market and regional transportation networks. This versatile property is ideal for businesses seeking a prominent location with significant space and parking. The property is currently entirely vacant, offering a blank canvas for a new tenant or a multi-tenant configuration.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1984
    Total area 90,492 SF
    Lot 9.87 ac (429,937 SF)
    APN 34.521.0120
    UPID US46-2066423
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.57M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.45M
    Owner & transaction history
    Lincoln Hwy LLC · 5 yrs held
    Lincoln Hwy LLC
    since 2021
    Last sale
    $1.5M
    3 recorded transactions
    2021
    $1.5M
    2019
    2006
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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