Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Jessie Lakeside Community Lot Title is generated by Realmo AI

    Lot 44 Jessie View Drive SE, Alexandria, MN 56308

    View on Map
    Claim this Listing
    For Sale
    $39,900

    Lots & Land - Alexandria, MN

    Lot size:
    0.11 Acres
    Added:
    Jan 26, 2024
    Days on Market:
    846
    Last Refresh:
    May 21 at 6:06 pm

    Property Features for Lot 44 Jessie View Drive SE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    031875626
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    220
    Expense value
    275
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah J Klimek

    Listing agent Sarah J Klimek

    Listing office Counselor Realty Inc of Alex 211 Broadway St, Alexandria, MN

    Listing date Jan 26, 2024

    MLS# 6475702 Listing URL

    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.

    HighLights

    • Lakeside community on Lake Jessie with lake access
    • Association amenities include lawn care, snow removal, and garbage service
    • Access to Lakeside Community Center for family gatherings
    • Enjoy well‑manicured common areas with walking paths, gardens, and scenic overlooks
    • Deeded boat slips available for purchase (limited number)
    • Executive community with paved streets and underground utilities

    Overview

    Located a couple miles east of Alexandria on the northern shores of Lake Jessie, this 0.11-acre lot is part of the Lake Jessie Meadows Townhome Association. The association maintains common areas with walking paths, mini gardens, scenic overlooks, and an illuminated pond with a water feature. Amenities include lake access, lawn care, snow removal, garbage service, a private well, and irrigation. The executive community features paved streets, underground utilities, streetlights, a storm sewer, curb and gutter, and fiber optic infrastructure. Residents have full use of the Lakeside Community Center for family gatherings. Deeded boat slips are available for purchase, subject to a yearly maintenance fee. The property is zoned for residential single-family use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Storage Facility Grocery & Convenience Store Butcher

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.3122325
    Latitude
    45.8717365

    Nearby Similar for Sale

    • $1,099,000
      7,795 SF

      High-Traffic Commercial Property in Alexandria

      Prime commercial property with high visibility and expansion potential.
      1301 N Nokomis NE, Alexandria, MN 56308
      View Details
    • $425,000

      Prime Corner Lot on Broadway

      High-visibility commercial building with multiple units and parking.
      1002 Broadway Street, Alexandria, MN 56308
      View Details
    • $2,500
      1,600 SF

      Prime Alexandria Office Space Available

      Highly visible corner property with ample parking and flexible configuration.
      2304 S Broadway Street, Alexandria, MN 56308
      View Details
    • $425,000

      Turnkey Investment Opportunity in Alexandria

      Remodeled, multi-tenant commercial property in Alexandria, MN.
      316 N Nokomis Street, Alexandria, MN 56308
      View Details
    • $18

      Commercial Space Ready for Buildout

      Vanilla shell commercial space with great visibility and parking.
      211 Nokomis Street, Alexandria, MN 56308
      View Details
    • $355,000
      3,000 SF

      Versatile Commercial/Residential Property, Alexandria, MN

      One-acre property with commercial and residential potential in Alexandria.
      1205 N Nokomis NE, Alexandria, MN 56308
      View Details
    • $7,500

      High-Visibility Commercial Space, Alexandria, MN

      Prime commercial space with high visibility and steady traffic.
      1301 N Nokomis NE, Alexandria, MN 56308
      View Details
    • $469,000

      New Alexandria Storage Building For Sale

      New construction storage building with in-floor heat, kitchen, and bathroom.
      7826 Unit 1 County Rd 42 NE, Alexandria, MN 56308
      View Details
    • $360,905

      Commercial Space in Alexandria, MN

      Commercial space for sale in Alexandria, Minnesota.
      2633 Jefferson Street, Alexandria, MN 56308
      View Details
    • $130,000
      2,240 SF

      Land with Storage Building, Alexandria

      Land for sale with nonresidential storage building in Alexandria, MN.
      10097 S State Highway 29 unit 125, Alexandria, MN 56308
      View Details
    • $450

      Office Space with Broadway Exposure

      Office spaces for sale with build-out options and parking.
      909 Broadway Street, Alexandria Twp, MN 56308
      View Details
    • $28

      Premier Retail Spaces in Alexandria

      Upscale mixed-use development with premium commercial spaces in vibrant downtown.
      317 Broadway Street, Alexandria, MN 56308
      View Details

    FAQs

    What type of property is this?
    Apartment building - Residential lot in a well-manicured lakeside community.
    Where is this apartment building located?
    The property is located at Lot 44 Jessie View Drive SE Alexandria, MN.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: Lakeside community on Lake Jessie with lake access; Association amenities include lawn care, snow removal, and garbage service; Access to Lakeside Community Center for family gatherings
    (320) 808-3366
    We can help!
    Listing Contact
    Sarah J Klimek
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Lot 44 Jessie View Drive SE, Alexandria, MN 56308
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!