$699,990
1507 W Oakland Avenue Austin, MN 55912
For Sale MLS# 7042016
11,270 sq ft Commercial
Details for 1507 W Oakland Avenue
MLS# 7042016
Description for 1507 W Oakland Avenue, Austin, MN, 55912
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 Information
Property Type: Commercial, Apartments and Retail,Business Opportunity
Status: Active
Lot Size: 0.79 Acres
Square Feet: 11,270 sq ft
Year Built: 1950
Foundation: 1 sq ft
Garage: Yes
Number Of Units Total: 31
Current Use: Hotel/Motel
County: Mower
Days On Market: 38
Construction Status: Previously Owned
School Information
District: 492 - Austin
Interior Features
Appliances: Dryer, Microwave, Washer, Water Softener - Rented, Refrigerator
Accessibility: No Stairs External, Accessible for Hearing-Impairment, Fully Wheelchair, Partially Wheelchair
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common
Cooling: Central
Heating: Natural Gas, Forced Air
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 1
Open Parking: 30
Parking Description: Parking Lot, Paved Lot, Attached Garage
Exterior: Vinyl
Roof: Age 8 Years or Less
Lot Dimensions: 185.5x185.5
Zoning: Business/Commercial
Additional Exterior/Lot Features: Land Inclusions - Building,Business,Fixture/Equipment,Inventory,Land
Driving Directions
From I-90 go south on 14th St NW for about 1 mile, turn left into 1st Ave SW, property will be immediately on your left.
Financial Considerations
Other Annual Tax: $255
Tax/Property ID: 347050450
Tax Amount: 5911
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Re/Max Results
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively 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. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1507 W Oakland Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1507 W Oakland Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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