Mower Homes with Apartments and Retail Style

Welcome to Mower County, Minnesota—a hidden gem nestled in the heart of the Midwest, where small-town charm meets vibrant community living. Home to the bustling city of Austin, Mower County is renowned for its rich history, friendly neighborhoods, and a delightful blend of urban and rural lifestyles. Austin is not just the county seat; it’s a thriving hub that boasts a unique mix of culture, commerce, and natural beauty.

One of the standout features of Mower County is its diverse housing options, particularly homes that incorporate apartments and retail spaces. This innovative style of living is perfect for those seeking both convenience and community. Imagine stepping out of your stylish apartment and finding yourself just moments away from local shops, cafes, and restaurants—all within a vibrant, walkable neighborhood. These mixed-use developments not only foster a sense of belonging but also promote a sustainable lifestyle, allowing residents to enjoy the best of both worlds.

Austin is also known for its annual events, such as the famous Spam Jam, which celebrates the city’s quirky culinary heritage. With beautiful parks, recreational opportunities, and a strong sense of community, Mower County is an ideal place for families, young professionals, and retirees alike.

Whether you’re looking to invest in a home with an apartment to rent out or seeking a retail space to start your business, Mower County offers an inviting atmosphere and a promising future. Explore the possibilities of living in this dynamic region where your dreams can flourish!

Newest Mower 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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