Technical
Financial
Distress signals
Property profile

1228 Nokomis NE Alexandria, MN 56308

OFF-MARKET
Commercial real estate
Property ID
US46-1353444
0.26 ac lot
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional business opportunity encompasses a well-established restaurant supply company situated in Alexandria, Minnesota. The business operates from a substantial 11,870 square foot building, strategically located on a high-traffic road (N Nokomis NE) offering excellent visibility and ample parking. The property includes a spacious showroom, dedicated service areas, and extensive storage space to accommodate the inventory needs of a thriving business. The 0.64-acre lot provides ample space for operations and potential future expansion. The sale includes the land, building, and the established business itself, presenting a turnkey opportunity for a new owner. Years of dedicated operation have cultivated a strong reputation and loyal customer base within the greater central Minnesota community. This presents a unique chance to acquire a profitable, turnkey operation with significant growth potential in a desirable location. The business is ready for a new owner to continue its legacy of success and build upon its established foundation. This is an exceptional opportunity for an entrepreneur seeking a well-established business with a proven track record. The asking price for this complete package is $1,095,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.26 ac (11,326 SF)
APN 63-4002-590
UPID US46-1353444

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1228 Nokomis NE Alexandria, MN 56308-5072
Alexandria metro Census 450702 ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2016
1 recorded transaction
2016
$400,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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