319 N Main ST, Austin, MN 55912
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Cynthia Froid

Cynthia Froid

+1(612) 578-1303
$ 459,900
Est. payment | /mo

4,181 Sqft Lot

Save
$ 459,900
Est. payment | /mo
Save

4,181 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 7027598

Year Built 1883

Annual Tax Amount $4,010

Tax Year 2025

Contingent None

Lot Size 4,181 Sqft

Lot Dimensions 40 X 125

Property Description

Check out this large mixed use building right in the middle of downtown Austin. The building collects a lot of rent and has low expenses. While we are still waiting on confirmation of expenses, we estimate a cap rate of around 10 and annual cash on cash return to be over 20% with 25% down. This building does need some work and there's a value add component to it. However, the cash flow on this one is amazing.

Location

State MN

County Mower

Zoning Business/Commercial

Interior

Heating Forced Air

Cooling Window Unit(s)

Inclusions Building, Leases

Fireplace No

Exterior

Parking Features None

Utilities Available Electric Separate

Present Use Commercial

Building

Foundation 4200

Sewer City Sewer/Connected

Water City Water/Connected

New Construction false

Schools

School District Austin

Listed by Jeffrey Nobleza • Pemberton RE

NEARBY SCHOOLS & PROPERTIES

Cynthia Froid

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(612) 578-1303

cindy@cynthiafroid.com

709 2nd Street South, Minneapolis, Minnesota, 55401, United States

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319 N Main ST