1507 W Oakland Avenue, Austin, MN 55912
sale
$699,990
|
Other
Courtesy Of RE/MAX Results
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.
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.
Read More About This Property
Read Less About This Property
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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.
Property Features
- Age: Over 50 Years Old
- Appliance: Microwave
- Appliance: Refrigerator
- Appliance: Water - Softener
- Appliance: Dryer
- Architecture Style: Other
- Cooling System: Central Air
- Heating System: Forced Air
- Legal Description: STERLING 4TH 34705 006 LOTS 3, 4, 5 & W22.03FT LOT 6, EXC N46FT SERVICE DRIVE
- MLSID: 7042016
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$850,000
Other
1600 10th Drive SE
Austin Twp, MN 55912
Land: 2.66 Acres
Courtesy Of Real Broker LLC
sale
$499,900
Other
310 S Main Street
Austin, MN 55912
Land: 0.21 Acres
Courtesy Of Compass Minnesota, LLC
sale
$499,900
Other
3700 11th Place NE
Lansing Twp, MN 55912
Land: 31.42 Acres
Courtesy Of Real Broker LLC