Date
Details
Price
Change
Source
2/26/2026
Listed
$459,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$459,900 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 319 N Main St
General
- Price: $459,900
- Taxes: $4,010 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7027598
- Updated: 2/26/2026
- Added to Site: 1 day(s) ago
Parking
- Parking Features: None
Location
- County: Mower
- Township: Austin
- Driving Directions: Downtown Austin Main Street to address
School Information
- School District: 1825 - Austin
- High School District: Austin
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Separate
Structural Information
- Foundation Size: 4200
- Disability Access: Other
- Square Feet: 7,204
- Finished Down/Base.: 7,204 Sq. Ft.
- Current Bldg. Use: Commercial
- Year Built: 1883
Lot Features
- Lot Size (Acres): 0.096
- Lot Dimensions: 40 x 125
- Zoning: Business/Commercial
Financial Considerations
- Operating Expenses: $21,600
- Tax Amount: $4,010
- Tax Year: 2025
- Terms: Conventional, Cash
- Owner Pays: Exterior Maintenance, Insurance, Repairs, Taxes, Trash Collection, Water
- Tenant Pays: Electricity, Gas, Heat
- Pays Electric: Tenant Pays
- Pays Gas: Tenant Pays
- Pays Heat: Tenant Pays
- Pays Trash: Owner Pays
- Pays Water: Owner Pays
Disclosures and Reports
- Legal Description: DAVIDSON 34185 021 N9.66FT LOT 3 & S29.58FT LOT 4
- Inclusions: Building, Leases
- Property ID: 341850680
Listed by Pemberton RE
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Listing agent
— 319 N Main St —
Pemberton RE
NMLS#: 1598647
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Schools
Schools serving 319 N Main St
School District:Austin Public School District
| Name | Grades | Distance |
|---|---|---|
Sumner Elementary School 805 8th Avenue Northwest, Austin, MN 55912 | 1-4 | 0.6 mi |
Woodson Kindergarten Center 1601 4th Street Southeast, Austin, MN 55912 | K- | 1.1 mi |
Ellis Middle School 1700 4th Avenue Southeast, Austin, MN 55912 | 5-8 | 1.2 mi |
Austin Senior High School 301 3rd Street Northwest, Austin, MN 55912 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 319 N Main St
Tax History
Tax History for 319 N Main St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,010
13%
$257,000
8%
2022
$3,558
-10%
$237,100
15%
2021
$3,938
11%
$206,300
-4%
2023
$3,558
-5%
$214,600
11%
2021
$3,730
14%
$192,700
6%
2020
$3,260
3%
$182,500
100%
2019
$3,180
26%
100%
2018
$2,530
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 319 N Main St
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- Lots/Land
- Active
- Updated 2 days ago
- 151.44Acres
Listed by Land Resource Mgmt & Rlty Inc.
- Single Family
- Active
- Updated 20 hours ago
- 4Beds
- 2Total Baths
- 2,408Sq. Ft.
Listed by Robert Hoffman Realty Inc.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 1Total Bath
- 1,264Sq. Ft.
Listed by Robert Hoffman Realty Inc.
- Single Family
- Active
- Updated 13 hours ago
- 3Beds
- 2Total Baths
- 2,184Sq. Ft.
Listed by eXp Realty
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- Lots/Land
- Active
- Updated 1 day ago
- 0.16Acres
Listed by Robert Hoffman Realty Inc.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,643Sq. Ft.
Listed by Leland Realty
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 2Total Baths
- 2,227Sq. Ft.
Listed by Realty ONE Group Black Diamond
- Lots/Land
- Active
- Updated 12 hours ago
- 0.175Acres
Listed by WMD Realty
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- Commercial
- Closed
- 6,860Sq. Ft.
- 0.09Acres
Listed and Sold by Real Broker, LLC.
- Single Family
- Closed
- 5Beds
- 5Total Baths
- 5,168Sq. Ft.
Listed by Fawver Agency
Sold by WMD Realty
Sold by WMD Realty
- Single Family
- Closed
- 3Beds
- 4Total Baths
- 3,700Sq. Ft.
Listed by Dwell Realty Group LLC
Sold by Shanti Pfenning
Sold by Shanti Pfenning
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,931Sq. Ft.
Listed and Sold by Real Broker, LLC.
319 N Main Street, Austin, MN 55912 (MLS# 7027598) is a Commercial property. 319 N Main Street is currently listed for $459,900 and was received on February 26, 2026. Want to learn more about 319 N Main Street? Do you have questions about finding other Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.