Property profile

504 12th NW Ave Austin, MN 55912

OFF-MARKET
Retail space
Property ID
US46-2510067
6,945 SF 0.58 ac lot Built 1934
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,128 square foot commercial office space is ideally situated in Austin, Minnesota, at 504 12th Avenue NW. Benefitting from a highly desirable location, this property enjoys excellent visibility and accessibility, boasting close proximity to the Austin Mayo Healthcare facility and Interstate 90. The high daily traffic counts on surrounding roadways—13,800 vehicles on 4th Street NW, 23,298 on Interstate 90, and 9,000 on 1st Drive NW—present a significant opportunity for businesses seeking high exposure. This versatile space is suitable for a variety of uses, including office or retail operations. The property includes a significant advantage: 15 dedicated, hard-surfaced off-street parking spaces, meticulously maintained by the property owner, ensuring convenient parking for employees and clients. The 0.53-acre lot provides ample space and enhances the property's overall appeal. This is a rare opportunity to secure a well-located commercial space in a thriving area with excellent traffic flow. Detailed room dimensions are available upon request. Contact us today to arrange a viewing.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1934
Total area 6,945 SF
Lot 0.58 ac (25,395 SF)
APN 34.900.0100
UPID US46-2510067

Cap rate & NOI

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

Location

504 12th NW Ave Austin, MN 55912-2955
Austin metro Census 300 AUSTIN, MN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2019
5 recorded transactions
2019
$200,000
2011
$285,000
2011
Price N/A
2005
$88,675
2005
$51,324

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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