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$265,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 0.139 Acres
  • Updated 1 day ago
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Prime commercial building for sale - busiest corner in town. Exceptional opportunity to own a commercial building located on one of the busiest corners in town. Prime high-visibility location near the high school. offering constant traffic and strong exposure. Currently operating as a restaurant, the building can continue as a food service operation or be adapted for other small business or commercial uses. call for your private showing today!

Full Property Details for 501 W Oakland Ave

General

  • Price: $265,000
  • Taxes: $2,252 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7018398
  • Updated: 2/9/2026
  • Added to Site: 3 day(s) ago

Parking

  • Parking Features: Open

Location

  • County: Mower
  • Township: Austin
  • Subdivision: West Park
  • Driving Directions: Corner of Oakland Ave West and 4th St.

School Information

  • School District: 1825 - Austin
  • High School District: Austin

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate, Hot Water Separate

Structural Information

  • Foundation Size: 1684
  • Disability Access: Wheelchair Ramp(s)
  • Current Bldg. Use: Restaurant
  • Year Built: 1962

Lot Features

  • Lot Size (Acres): 0.139
  • Lot Dimensions: 45 x 126
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $2,252.35
  • Tax Year: 2026

Disclosures and Reports

  • Legal Description: WEST PARK 34785 001 008
  • Inclusions: Building
  • Property ID: 347850720

Listed by RE/MAX Results

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— 501 W Oakland Ave —

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 501 W Oakland Ave

School District:Austin Public School District
NameGradesDistance
Banfield Elementary School
301 17th Street Southwest, Austin, MN 55912
1-40.8 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
5-81.4 mi
Austin Senior High School
301 3rd Street Northwest, Austin, MN 55912
9-120.1 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 501 W Oakland Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/07/2026
Listed
$265,000
103.85%
MLS
10/19/2022
Sold
$130,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 501 W Oakland Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,778
6%
$116,700
-4%
2024
$2,618
—
$121,200
1%
2023
$2,620
1%
$119,500
13%
2021
$2,600
-1%
$105,800
-5%
2023
$2,620
1%
$111,600
16%
2021
$2,600
14%
$96,600
—
2020
$2,278
3%
$96,600
100%
2019
$2,220
4%
100%
2018
$2,128
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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501 W Oakland Avenue, Austin, MN 55912 (MLS# 7018398) is a Commercial property. 501 W Oakland Avenue is currently listed for $265,000 and was received on February 07, 2026. Want to learn more about 501 W Oakland Avenue? 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.

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