Property profile

2905 Oakland Ave Austin, MN 55912

OFF-MARKET
Commercial real estate
Property ID
US46-2221703
28,630 SF 2.41 ac lot Built 1968
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This single-tenant flex space, formerly a Chrysler dealership, offers 33,664 square feet of versatile space in Austin, Minnesota. Situated on a 3.7-acre lot at 2905 W Oakland Ave, 55912, this property enjoys convenient access to I-90. Built in 1968 and renovated in 1999, the building features a 16-foot ceiling height, two loading docks, eight drive-ins, and 136 total parking spaces. The robust power supply includes 800 amps, 480V, 3-phase power, making it suitable for a variety of uses. The B-2 zoning allows for retail, commercial, and light manufacturing activities. This Class C building presents a unique opportunity, given the limited availability of comparable properties in the market. Its price point is significantly below replacement cost, promising a strong return on investment for the right buyer. The property's size and features make it an attractive option for businesses seeking a substantial and well-equipped space in a strategic location. The single-story building offers efficient layout and easy accessibility.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1968
Total area 28,630 SF
Lot 2.41 ac (104,980 SF)
APN 34.875.0070
UPID US46-2221703

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2905 Oakland Ave Austin, MN 55912-1244
Austin metro Census 900 AUSTIN, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$620k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$620k

Owner & transaction history

since 2025
Last sale
$700,000
2 recorded transactions
2025
$700,000
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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