319 Main St Austin, MN 55912-3407
This exceptional mixed-use property, located at 319 N Main Street in the heart of downtown Austin, Minnesota, presents a compelling investment opportunity. The building boasts a substantial 7,254 square feet of space, ideally suited for a variety of commercial ventures. Situated on a conveniently sized 0.1-acre lot, the property benefits from high visibility and accessibility. Recent improvements include updated windows and a refreshed front facade, enhancing both curb appeal and energy efficiency. The current tenants demonstrate a history of reliable rent payments, providing a stable income stream for the new owner. This turnkey property is ready for immediate occupancy and offers significant potential for future growth and appreciation. The building's prime location on Main Street places it within easy reach of local businesses, amenities, and a thriving community. This is a rare chance to acquire a well-maintained, income-producing commercial property in a desirable downtown setting. The asking price of $489,000 reflects the property's exceptional value and strong potential for return on investment. Don't miss this opportunity to own a piece of Austin's vibrant commercial landscape.
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.