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    3211 Highway 29 Alexandria, MN 56308

    Sponsored
    For Sale
    $749,900

    High-Visibility Retail Space, Alexandria, MN

    Property size:
    3,104 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 3211 Highway 29 S in Alexandria, Minnesota, presents a unique investment opportunity. Boasting 3,104 square feet of versatile space, this steel and concrete building enjoys a highly visible location adjacent to the Viking Plaza Mall, offering significant exposure to a substantial customer base. The property's strategic positioning, just one mile from Interstate I-94, ensures easy accessibility for both customers and employees. The building itself comprises 2,337 square feet of retail space, perfectly suited for a variety of businesses, complemented by a separate 766 square foot heated garage/storage/maintenance area, providing ample space for inventory, equipment, or additional operations. Ample parking is available with 15 spaces provided. Modern infrastructure is in place, including fiber optic connectivity and a robust 3-phase/400 amp electrical service. The 0.46-acre lot offers significant frontage (198 feet) along Highway 29 S, maximizing visibility and ensuring a strong presence within a high-traffic retail environment. This property is ready for immediate occupancy and presents a compelling opportunity for businesses seeking a prime location with excellent visibility and convenient access. The asking price is $749,900.

    Property Features for 3211 Highway 29

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,104 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1993
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.38431
    Latitude
    45.86098

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility Retail Space, Alexandria, MN
    Where is this commercial real estate located?
    The property is located at 3211 Highway 29 Alexandria, MN.
    What is the asking price?
    The asking price for this property is $749,900.
    Request Owner's contact information
    3211 Highway 29 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
    3211 Highway 29 Alexandria, MN 56308
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