For Sale: Austin MLS# 7017737
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Property Description
Prime Downtown Austin Commercial Opportunity
This two unit commercial property is located in the heart of downtown Austin, MN and offers excellent visibility and strong foot traffic. The building includes two separate commercial spaces, providing flexibility for investors or owner occupants.
One unit is currently occupied by a month to month tenant, offering immediate income with flexibility for future use. Low annual operating fees help keep ownership costs efficient and attractive.
The space is suitable for retail, office, or service based businesses and features large street facing windows that provide great natural light and exposure. Located just steps from downtown shops, restaurants, and amenities, this property offers a strong combination of location, functionality, and potential.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$395,000
Property Type:
Commercial
City:
Austin
Garage Spaces:
0
County:
Mower
Year Built:
1950
State:
MN
Property Style:
1 Story
Zip Code:
55912
Subdivision Name:
Larson Bus Condo
Interior
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
2,340 ft2
Foundation Dimensions:
45 x 52
Handicap Accessible:
Other
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Parking Lot
Road Frontage:
- City Street
- Sidewalks
- Storm Sewer
- Street Lights
Roof Details:
Flat
Lot & Land
Acres:
0.024
Geolocation:
43.670491, -92.976473
Inclusions:
Building, Fixture/Equipment, Land, Leases
Lot Dimensions:
Irr
Addl Parcels:
344020070, 334420020, 344600060
Zoning:
Business/Commercial
Schools
School District:
1825
District Phone:
5074601900
Expenses
Tenant Expenses:
All Utilities, Lawn Care, Snow Removal
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,634
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,634
Income
Annual Gross Income:
$16,200
Units
Total Units:
2
Unit Number:
B&C
Miscellaneous
Current Use:
Office
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Dwell Realty Group LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.