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    Property profile & analytics
    OFF-MARKET Estimated value $2,080,000
    Strip malls

    1906 8th NW St, Austin, MN 55912-2473

    20,223 SF 1.6 ac lot Built 2007
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US46-2110944
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2007
    Total area 20,223 SF
    Lot 1.6 ac (69,696 SF)
    APN 34.111.0020
    UPID US46-2110944
    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
    $2.06M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.08M
    Owner & transaction history
    Amd Properties LLC · 3 yrs held
    Amd Properties LLC
    since 2022
    Last sale
    $2.1M
    4 recorded transactions
    2022
    $2.1M
    2017
    2006
    $340,000
    2006
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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