409 11th NE St, Austin, MN 55912-4536
This exceptional single-tenant industrial property boasts a total of 24,600 square feet, ideally suited for a variety of businesses. The space is intelligently divided to include a substantial 16,800 square foot storage facility, a climate-controlled warehouse spanning 5,000 square feet, and up to 2,800 square feet of well-appointed office space. Loading and unloading are efficient thanks to three 14' x 16' bay doors. Beyond the building itself, over two acres of land provide ample space for yard storage or parking, offering significant operational flexibility. This property enjoys a highly desirable location, offering convenient proximity to the Hormel Main Plant and the ease of access provided by its location just two minutes from Interstate 90. The combination of generous space, strategic layout, and prime location makes this an unparalleled opportunity for businesses seeking efficient and well-situated industrial space. This single-tenant property offers a unique chance to establish a strong presence in a thriving area. The climate-controlled warehouse ensures optimal conditions for sensitive materials or processes. The extensive yard space adds significant value, providing flexibility for outdoor operations or expanded storage. The proximity to major transportation routes and a significant employer makes this a highly attractive investment.
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.