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    OFF-MARKET
    Retail space

    504 12th NW Ave, Austin, MN 55912-2955

    6,945 SF 0.58 ac lot Built 1934
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US46-2510067
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ras Property Management LLC · 7 yrs held
    Ras Property Management LLC
    since 2019
    5 recorded transactions
    2019
    $200,000
    2011
    $285,000
    2011
    2005
    $88,675
    2005
    $51,324
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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