Prime Downtown Austin Commercial Opportunity This two unit commercial property is located in the heart of downtown Austin, MN and offers excellent visibility and strong foot traffic. The building includes two separate commercial spaces, providing flexibility for investors or owner occupants. One unit is currently occupied by a month to month tenant, offering immediate income with flexibility for future use. Low annual operating fees help keep ownership costs efficient and attractive. The space is suitable for retail, office, or service based businesses and features large street facing windows that provide great natural light and exposure. Located just steps from downtown shops, restaurants, and amenities, this property offers a strong combination of location, functionality, and potential.

Based on information submitted to MLS Grid / NORTHSTAR as of August 15, 2026 4:08 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 507 1st Street NW, Unit B&C

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Albert Lea, MN

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Property Details of 507 1st Street NW, Unit B&C

Property Details

Basic Information

Building

Location

Finance

Water

Utilities and Appliances

Utilities and Appliances

Community

Area

Map Location

Driving Directions

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Albert Lea, MN