1209 18Th Ave NW, Austin, MN 55912
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.