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    Property profile & analytics
    OFF-MARKET Estimated value $675,000
    Commercial real estate

    2905 Oakland Ave, Austin, MN 55912-1244

    28,630 SF 2.41 ac lot Built 1968
    Entity Owned ~ Est. High Equity
    Property ID
    US46-2221703
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $620k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $675k
    Owner & transaction history
    R G Holdings LLC
    R G Holdings LLC
    since 2025
    Last sale
    $700,000
    2 recorded transactions
    2025
    $700,000
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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