1400 14Th StAustin, MN 55912

Property Details for 1400 14Th St

Year built

2003

Lot size

2.37 AC

Property size (Sq ft)

5,052 SF

Property type

Grocery and convenience stores

APN

34.008.0010

APU

340080010

Description

This exceptional commercial property, located at 1400 14th Street NW in Austin, Minnesota, presents a lucrative owner-operator or investment opportunity. Boasting a prime location on one of Austin's busiest streets, with immediate proximity to four Interstate 90 on/off ramps, this property enjoys unparalleled visibility. An estimated 30,000+ vehicles pass daily, ensuring maximum exposure for the businesses operating on the site. A prominent 80+ foot pole sign, visible from I-90, further enhances the property's marketing potential. The main structure is a well-established gas station and convenience store, featuring five fuel dispensers with eight unleaded/premium hoses and two diesel hoses. A nearly 3,000 square foot lighted canopy covers the fueling area. The property also includes a fast-food restaurant operating under a lease agreement (franchise not included in sale), generating consistent rental income. Adding to the revenue streams are a busy car wash and a billboard. The property offers ample parking with over 50 spaces and two restrooms for customer convenience. Built in 2003 and featuring a newer roof, this 5,052 square foot building sits on a 2.37-acre lot, providing significant operational space and future development potential. This turnkey operation is ready for a new owner to capitalize on its established success and high-traffic location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,222,474

  6.5%

  $1,128,437

  7%

  $1,047,835

• Comparable approach

  Method

  Valuation

  Relative Method

  $649,792

  Geo Method

  $649,792

• Alternative Use

  Use

  Valuation

  Residential

  $951,879

  Hospitality

  $871,916

  Educational

  $725,424

  Medical

  $750,372

  Retail

  $1,128,437

Location Insight

City

Austin

County

Mower

State

Minnesota

Latitude

43.6784

Longitude

-92.9922

CBSA code

12380

CBSA name

AUSTIN, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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