For Sale: Austin MLS# 7042016
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Property Description
Huge opportunity to acquire a high-visibility commercial property along Oakland Ave in Austin, MN offering multiple paths to value creation. Situated on approximately 0.78 acres with nearly 200 feet of hospitality operators.
The site is currently operating as a motel, offering the potential for a buyer to continue the existing hospitality use, reposition the asset, or pursue a future redevelopment of the site.
Adding to the uniqueness of the property, a large single-family home sits near the center of the lot featuring 3 bedrooms and 2.5 bathroom, creating additional possibilities for on-site management housing, rental income, owner occupancy, or future redevelopment plans.
The property has also benefited from key capital improvements, including a roof and furnace installed within the past five years, offering added value and stability for investors.
Zoned B-2 community business, the property allows for a wide variety of commercial uses included retail, service businesses, hospitality, office, and other commercial development. this flexible zoning creates multiple opportunities for investors looking to capitalize on future growth along this corridor.
Further strengthening the investment potential, a building directly directly across Oakland Ave is currently being converted into a 22-unit multifamily development, highlighting the ongoing investment and redevelopment take place in the immediate area.
Whether the next owner chooses to continue operating the motel, utilize the on-site residence, reposition the property, or redevelop the site entirely, this offering presents a compelling opportunity to control a well-located commercial parcel with strong and long term upside.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$699,990
Property Type:
Commercial
City:
Austin
Garage Spaces:
1
County:
Mower
Year Built:
1950
State:
MN
Property Style:
Other
Zip Code:
55912
Interior
Bedrooms:
0
Bathrooms:
0
Appliances Included:
- Dryer
- Microwave
- Refrigerator
- Washer
- Water Softener Rented
Exterior
Garage Spaces:
1
Air Conditioning:
Central Air
Foundation Size:
1 ft2
Handicap Accessible:
Fully Wheelchair, Accessible for Hearing-Impairment, No Stairs External, Partially Wheelchair
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Parking Lot
- Paved Lot
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.786
Geolocation:
43.666069, -92.993644
Inclusions:
Building, Business, Fixture/Equipment, Inventory, Land
Lot Dimensions:
185.5 x 185.5
Zoning:
Business/Commercial
Schools
School District:
1825
District Phone:
5074601900
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,911
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$6,166
Units
Total Units:
31
Miscellaneous
Current Use:
Hotel/Motel
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
Electric 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 Re/Max Results.
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.