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    FOR LEASE
    Specialty properties

    600 2Nd St NW, Austin, MN 55912

    3,681 SF 0.5 ac lot Built 1971
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US46-2245124
    Property summary
    AI-generated overview

    This exceptional two-level mixed-use building, located at 600 2nd St NW in Austin, Minnesota, offers 5,000 square feet of versatile space. The main level, approximately 5,000 square feet, features a fully finished basement, providing ample room for a variety of uses. The open floor plan allows for flexible configurations to suit diverse business needs, whether traditional office, coworking space, or creative office. Its prime location offers easy access to local shops, restaurants, and entertainment, with the added convenience of being within walking distance of Main Street. Ample parking is available for tenants and visitors. The building's location in Austin, Mower County, Minnesota (zip code 55912), places it near a wide array of attractions, making it an ideal location for both work and leisure. This single-tenant property presents a fantastic opportunity to establish a thriving business in a vibrant and growing community. The property is categorized as Retail, Office, and Special Purpose, offering significant potential for a variety of businesses. This is a unique opportunity to acquire a well-situated and adaptable commercial property in a desirable Minnesota location.

    Property profile
    Verified
    Property type Specialty properties
    Use group FUNERAL HOME
    Year built 1971
    Total area 3,681 SF
    Lot 0.5 ac (21,824 SF)
    APN 34.460.0450
    UPID US46-2245124
    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
    $755k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $775k
    Owner & transaction history
    Worlein Properties LLC · 3 yrs held
    Worlein Properties LLC
    since 2023
    Last sale
    $800,000
    5 recorded transactions
    2023
    $800,000
    2018
    $736,000
    2018
    2012
    $750,000
    2011
    $490,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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