104 1st Street SW Austin, MN ^$ 500,000

104 1st Street SW

^$ 500,000

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104 1st Street SW

Austin, MN, 55912

^$ 500,000

Studio Baths0.0 Sq 7,000

Monthly Estimate*

^$ 3,493

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Studio

Commercial Property for sale in Austin, MN

for $500,000. This 7,000 square foot building was built in 1890 on a lot size of 0.18.

10 Unit apartment building centrally located in Austin's business district. Hardwood floors throughout, updated electrical.

Commercial Active

Price

^$ 500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,664

Style

Apartment

Lot Size

0.18

Year Built

1890

Town/City

Austin

County/Region

Mower

MLS | Web ID

6319781

Features

General

Sewer City Sewer/Connected

Heating Hot Water

Utilities Electric Common Electric Separate Heating Common Hot Water Common

Roof Age Over 8 Years Asphalt

Appliances Range Refrigerator

Garage Spaces 0

Construction Materials Steel Siding

Year Built 1890

Tenant Pays Cable TV Electricity

Levels Two

Property SubType Apartment

Tax Year 2022

Current Use Residential

Gross Income 64664

Accessibility None

County Mower

Net Operating Income 48446

Operating Expense 0

Insurance Expense 0

Property Type Commercial Sale

Association Amenities Coin-op Laundry Owned

Contingency None

Subdivision Name Berrys Add

Directions I90 to 4th St NW. South on 4th St to Oakland Avenue. East to 1st Street SW north to property on left.

City Austin

Buyer Agent Compensation 2.50

High School District Austin

Zoning Description Business/Commercial

Total Units 10

Street Name 1st

Land Lease Y/N N

Tax Annual Amount 4664

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Days on Market 376

Standard Status Active

Lender Owned No

Amenities Unit Hardwood Floors Security Lights Tile Floors

Buyer Agent Compensation Type %

Interior

Basement Block Daylight/Lookout Windows Drain Tiled Drainage System Egress Window(s) Partially Finished

Basement (Y/N) Y

Street Suffix Street

Foundation Dimensions 118 x 50

Fuel Natural Gas

Exterior

Parking Features Concrete

Water Source City Water/Connected

Inclusions Building Fixture/Equipment Land Leases

Lot Size Area 0.18

Building Area Total 7000

Lot Dimensions 142 x 70

Lot Size Units Acres

Foundation Area 4833

Road Frontage Type City Street

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 104

* Excluded Features

List By

Aleres, Llc

Broker

info@aleres.com

Affordability Calculator

$3,881

Per Month

Monthly Principal & Interest: $3,493
Monthly Property Taxes: $389
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Austin, MN

Average List Price ^$364,024

Percent of Sale Price 27%

About Austin, MN

24,843 Population

3% Since 2002

^$46,512 Median Income

38.07 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2005183 Elementary School

2005182 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/3/2023	$500,000		Listed Price

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104 1st Street SW, Austin, MN, 55912 is a Commercial Property for sale at $500,000 with 7,000 sqft and a lot size of 0.18. 104 1st Street SW is a studio with 0.0 baths and was built in 1890. The property's zip code is 55912 which is in Austin, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/18/2024.

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104 1st Street SW

Commercial Property for sale in Austin, MN

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