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In-PersonVirtual Tour
$ 459,900
Est. payment | /mo
4,181 Sqft Lot
$ 459,900
Est. payment | /mo
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 Locations
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Chuck Eckberg
Real Estate Agent