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Three-Unit Mixed-Use Building
For Sale
$425,000

1002 Broadway Street, Alexandria, MN 56308

Commercial Sale, Alexandria, MN

Property SizeContact for details
Lot Size0.40 Acres
Days on Market159

Property Features for 1002 Broadway Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Bedrooms 2
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 2
Parking features Parking Lot
Accessibility Accessible Approach with Ramp
Subdivision Hicks 3rd Add
Lot features Corner Lot, Tree Coverage - Light
High school district Alexandria
Directions Corner of 10th Ave and Broadway in Alexandria
Standard status Active
APN 631706000
Lot size 0.40 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5104

Utilities

Heating system Forced Air
Cooling system Central Air

Amenities

large stone sign
wheelchair ramp

Building Details

Year built 1900
Listing Agency: Counselor Realty Inc of Alex
Listed By: Rebecca R Whiting
Added: May 6 Changed: Oct 8 Last Checked: Oct 11 at 3:06AM
MLS# 7069161

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.

Investment Insights

Based on property information with market context.

Built in 1900, this mixed-use property contains three units, each with a separate entrance. The upper level includes a two-bedroom apartment. Forced-air heating and central air conditioning serve the building, and a wheelchair ramp provides access to one unit. The 0.399-acre parcel includes an alley-accessed parking lot with space for approximately 10 vehicles and a stone sign at the corner.

The property sits at the corner of Broadway and State Hwy 29, with stoplights at the intersection and Walgreens across the street. Its mix of separate-entry units and an upper-level apartment provides varied space within one building.

Key Highlights

  • Three units, each with its own entrance
  • Upper‑level apartment has 2 bedrooms
  • 0.399‑acre corner parcel at Broadway and State Hwy 29

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Bakery Storage Facility HVAC Service Grocery & Convenience Store Carpet & Flooring Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Office units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,218
Businesses Nearby

Demographics for 56308, MN

26,391
Population
14,350
Households
1.8
Avg Household Size
44
Median Age
33%
College-Educated
96%
High-School Grad
155.9 sq mi
ZIP Area
169
Density / Sq Mi
$76,831
Median Household Income
$43,999
Median Earnings
$921
Median Rent
$307,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - A Broadway corner property offers on-site parking, a stone business sign, and ramp access to one unit.
Where is this mixed-use property located?
The property is located at 1002 Broadway Street Alexandria, MN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three units, each with its own entrance; Upper‑level apartment has 2 bedrooms; 0.399‑acre corner parcel at Broadway and State Hwy 29
More about this property
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