$725,000

404 1st Avenue SW, Austin, MN 55912

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$725,000

(75,000) 03/15/2024

404 1st Avenue SW Austin, MN 55912

For Sale MLS# 6470868

3,700 sq ftCommercial

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Data current as of 24/04/2024 08:08:16

Details for 404 1st Avenue SW

MLS# 6470868

Description for 404 1st Avenue SW, Austin, MN, 55912


Opportunity of a lifetime to own a Papa Murphys franchise and the commercial building it is in! There is another tenant in the building that pays half of the CAM charges to offset a lot of expenses. Reach out for more information before this one is gone!

Listing Information


Property Type: Commercial, Business Opportunity

Status: Active

Bathrooms: 2

Lot Size: 0.29 Acres

Square Feet: 3,700 sq ft

Year Built: 1970

Foundation: 3,700 sq ft

Stories: 1 Story

Subdivision: Parker & Browns Add

Number Of Units Total: 2

Current Use: Business Service,Food Service

County: Mower

Days On Market: 124

Construction Status: Previously Owned

School Information


District: 492 - Austin

Interior Features


Accessibility: Other

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Other Utilities: Electric Separate,Heating Separate,Hot Water Separate

Cooling: Central

Heating: Forced Air, Electric

Exterior / Lot Features


Open Parking: 10

Parking Description: Uncovered/Open

Exterior: Other

Roof: Asphalt Shingles

Lot Dimensions: .29 acres

Zoning: Business/Commercial

Additional Exterior/Lot Features: Land Inclusions - Building, Road Frontage - City

Unit Information


Unit 1 Actual Rent: 1900

Unit 1 Baths Total: 1

Unit 1 Rooms Total: 2

Unit 2 Actual Rent: 1700

Unit 2 Baths Total: 1

Unit 2 Rooms Total: 2

Driving Directions


1 block south of Austin High School on the corner of 4th Street NW and 1st Ave SW

Financial Considerations


Tenant Pays: Broadband,Cable T.V.,Electric,Fuel,Janitorial,Lawn,Maintenance/Repair,Snow,Taxes,Trash,Water/Sewer

Tax/Property ID: 345750200

Tax Amount: 7274

Tax Year: 2023

HomeStead Description: Non-Homesteaded

Buyer Broker Compensation: 4.50%

Price Changes


$550,000 Original Price
$725,000 Current Price
+$175,000Total Change
Date Price Change
03/15/2024 02.45 PM $725,000-$75,000
03/06/2024 10.24 AM $800,000+$250,000
12/21/2023 03.38 PM $550,000
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The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

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Schools nearby 404 1st Avenue SW

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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Schools nearby Grades Distance SchoolDigger® Rating i
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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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