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