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.
MLS ID: 7027598
Directions: Downtown Austin Main Street to address
MLS #: 7027598
Listing courtesy of: Pemberton RE
Price: $459,900
Type: Commercial
Contingency: None
Foreclosure: No
Zoning: Business/Commercial
Current Use: Commercial
Total Units: 6
Annual Gross Income: $75,600
Net Operating Income: $53,000
Operating Expense: $21,600
Annual Electric Expense: $1,200
Annual Insurance Expense: $4,800
Annual Maintenance Expense: $6,816
Annual Water/Sewer Expense: $2,400
Tenant Pays: Electricity, Gas, Heat
Owner Pays: Exterior Maintenance, Insurance, Repairs, Taxes, Trash Collection, Water
Parking Features: None
Owner Occupied: No
AccessibilityFeatures: Other
Heating: Forced Air
Cooling: Window Unit(s)
Year Built: 1883
Foundation Area: 4,200
Sewer: City Sewer/Connected
Water Source: City Water/Connected
Utilities: Electric Separate
Lot Dimensions: 40 X 125
District: Austin
District Number: 1825
District Phone: 5074601900
County: Mower
Tax Year: 2025
Tax Amount: $4,010
Assessment Pending: No
Taxes w/Assessments: $4,010
This listing was last updated by Pemberton RE on 2/26/2026 at 4:34 pm.
Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.
Records last updated at 3/18/2026 5:05 am.
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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Rochester are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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