$395,000
507 1st Street NW #B&C Austin, MN 55912
For Sale MLS# 7017737
Other
Details for 507 1st Street NW #B&C
MLS# 7017737
Description for 507 1st Street NW #B&C, Austin, MN, 55912
Prime Downtown Austin Commercial OpportunityThis two unit commercial property is located in the heart of downtown Austin, MN and offers excellent visibility and strong foot traffic. The building includes two separate commercial spaces, providing flexibility for investors or owner occupants.One unit is currently occupied by a month to month tenant, offering immediate income with flexibility for future use. Low annual operating fees help keep ownership costs efficient and attractive.The space is suitable for retail, office, or service based businesses and features large street facing windows that provide great natural light and exposure. Located just steps from downtown shops, restaurants, and amenities, this property offers a strong combination of location, functionality, and potential.
Listing Information
Property Type: Commercial
Status: Active
Lot Size: 0.02 Acres
Square Feet: 2,340 sq ft
Year Built: 1950
Foundation: 2,340 sq ft
Stories: 1 Story
Subdivision: Larson Bus Condo
Number Of Units Total: 2
Current Use: Office
County: Mower
Days On Market: 121
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 Common,Heating Common,Hot Water Common
Cooling: Central
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Open Parking: 20
Parking Description: Parking Lot, Garage Sq Ft - 0.00
Exterior: Brick/Stone
Roof: Flat
Lot Dimensions: irr
Zoning: Business/Commercial
Additional Exterior/Lot Features: Land Inclusions - Building,Fixture/Equipment,Land,Leases, Road Frontage - City, Sidewalks, Street Lights, Storm Sewer
Driving Directions
From 4th St NW turn left onto 5th PL NW, Business complex is on the corner of 5th PL and 1st St NW.
Financial Considerations
Tenant Pays: All Utilities,Lawn,Snow
Owner Pays: Insurance
Gross Income: 16200
Tax/Property ID: 344020030
Tax Amount: 8634
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Dwell Realty Group LLC
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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Payment Calculator
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 507 1st Street NW #B&C
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 507 1st Street NW #B&C
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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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