Austin Homes with Apartments and Retail Style

Welcome to Austin, Minnesota – a vibrant city that beautifully blends small-town charm with a progressive spirit. Nestled in Mower County, Austin is renowned for its rich history, thriving community, and a diverse array of amenities that cater to both residents and visitors alike. With a population of around 25,000, this city is known for its welcoming atmosphere and a strong sense of community.

Austin is perhaps most famous for its iconic Spam Museum, celebrating the city’s unique connection to the Hormel Foods Corporation. Beyond its quirky attractions, the city boasts a variety of parks, recreational facilities, and cultural events throughout the year, ensuring there’s always something to see and do. From the scenic trails of the Jay C. Hormel Nature Center to the lively downtown area filled with shops, eateries, and cafes, Austin offers a delightful environment for families, professionals, and retirees.

For those seeking a home that combines the convenience of urban living with the comfort of residential spaces, Austin’s homes with apartments and retail-style options are a perfect choice. These properties provide a unique blend of living and commercial spaces, allowing residents to enjoy easy access to local shops, restaurants, and services right at their doorstep. Imagine stepping out of your stylish apartment and being greeted by the aroma of freshly brewed coffee or the warmth of a friendly neighborhood eatery.

In Austin, you’ll find not just a place to live, but a community to thrive in. Explore the charm and opportunities that await you in this delightful Minnesota city!

Newest Austin Homes with Apartments and Retail Style

$650,000

7042016 MLS

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.

1507 W Oakland Avenue, Austin

Listing courtesy of Re/Max Results.

$459,900

7027598 MLS

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.

319 N Main Street, Austin

Listing courtesy of Pemberton RE.

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