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    515 22Nd Ave Alexandria, MN 56308

    Sponsored
    For Sale
    $2,495,000

    Class A medical space, 10,253 sq ft, 42 parking stalls.

    Property size:
    10,253 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 10,253-square-foot Class A medical office building is situated in Alexandria, Minnesota's thriving medical district at 515 22nd Avenue E. Originally constructed in 2009 as a Veterans Affairs Clinic, this meticulously maintained property offers a turnkey solution for medical professionals. The building boasts 23 exam rooms, providing ample space for a variety of medical specialties. Five bathrooms ensure convenience for both patients and staff. Extensive administrative office space is also included, allowing for efficient workflow and management. The property sits on a 0.9-acre lot and includes a substantial parking area with 42 stalls. Scheduled for completion in the summer of 2024, the parking lot will undergo a comprehensive resurfacing and restriping project, further enhancing the property's appeal. Priced at $2,495,000, this offering represents a significant value compared to the cost of new construction. This ready-to-occupy facility presents an unparalleled opportunity for a new clinic, senior care center, or similar medical practice seeking a prestigious and functional space in a prime location. The building's history as a VA clinic speaks to its high-quality construction and design.

    Property Features for 515 22Nd Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,253 SF
    Lot Size
    39,204 SF

    Building Details

    Year Built
    2009
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office Building Supply Nail Salon Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.37019
    Latitude
    45.86667

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    FAQs

    What type of property is this?
    Office Property / Space - Class A medical space, 10,253 sq ft, 42 parking stalls.
    Where is this office property / space located?
    The property is located at 515 22Nd Ave Alexandria, MN.
    What is the asking price?
    The asking price for this property is $2,495,000.
    Request Owner's contact information
    515 22Nd Ave Alexandria, MN 56308
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    Alexandria, MN 56308
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    Realmo Value Estimation

    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.

    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.

    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
    515 22Nd Ave Alexandria, MN 56308
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