Low-austenitizing temperature practices resulted in substantial changes in both microstructure and mechanical properties of the fully ferritic as-cast Compacted Graphite Irons (CGI). The austempering processes were accomplished through first austenitizing at 850 °C for 60 min followed by quenching in a salt-bath at 275, 325, and 375 °C for times ranging from 30, 60, 90, and 120 min. In contrast with the austenitizing performed at 900 °C performed on the same material, the microstructure consisted of a notable volume fraction of proeutectoid ferrite, which was not observed under similar austempering temperature and time conditions. Lowering the austenitizing temperature to 850 °C resulted in decreased untransformed austenite. Depending on the austempering conditions, a notable improvement was achieved in both Brinell and Vickers hardness compared to the as-cast CGI. The ausferrite matrix led to remarkable increases in yield strength (YS), ultimate tensile strength (UTS), and a decrease in total elongation to failure. The highest YS and UTS values were achieved for specimens austempered at 275 °C while increasing the austempering temperature decreased both YS and UTS. Furthermore, the results showed that the austempering temperature had a more significant impact on YS and UTS than the austempering time. All austempered CGI specimens exhibited primarily brittle failure attributes, while ferritic CGIs showed a mixed failure mode.