New Flex Industrial
1095 Northside Drive NE Alexandria, MN 56308
For Sale
$349,900
Built in 2025 with insulated, heated warehouse space, 14' x 14' overhead door, and finished office mezzanine.
Property Size2,242 SF
Price / SF$156.07
Days on Market163
Property Features for 1095 Northside Drive NE
General Information
- Standard status
- Active
- Size
- 2,242 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing Agency:
Edina Realty, Inc.
(320) 762-8181
Listed By:
Stuart Wood · License #40461926
(320) 762-8181
Source:
Juverealestate
Added: Feb 11
Changed: Jul 23
Last Checked: Jul 23 at 4:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Edina Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 2025, this flex/industrial building offers insulated and heated warehouse space with 16' sidewalls and a 14' x 14' overhead door. A finished office sits above the workspace with a 22' x 11' mezzanine, providing a separated work area. The exterior includes a dual-entrance crushed concrete driveway designed to make pulling in or backing up to a trailer easier, along with ample on-site parking.
The property is located just off Hwy 29 North on the North side of Alexandria. Two display slabs are positioned out front for showcasing product. The site also provides room to expand, and additional land may be available—please inquire for details.
Overall, the building is a near-new setup combining warehouse utility with an on-site finished office mezzanine.
The property is located just off Hwy 29 North on the North side of Alexandria. Two display slabs are positioned out front for showcasing product. The site also provides room to expand, and additional land may be available—please inquire for details.
Overall, the building is a near-new setup combining warehouse utility with an on-site finished office mezzanine.
Key Highlights
- Commercial building built in 2025 with insulated, heated warehouse space
- 14' x 14' overhead door for easy loading/unloading
- Finished office area with a 22' x 11' mezzanine above
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.3k | $22.44 |
| − Vacancy | −$13.0k | −$5.81 |
| EGI | $37.3k | $16.63 |
| − OpEx | −$9.3k | −$4.16 |
| NOI | $28.0k | $12.47 |
2,242 SF · lease $22.44/SF/yr · vacancy 25.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$399.4K
$349.5K – $466.0K
NOI $27,960 @ 7.0% cap · market cap 7.99%
Second Best
Warehouse
$248.6K
$217.6K – $290.1K
NOI $17,405 @ 7.0% cap · market cap 4.97%
Theoretical Best
Specialty Retail
$706.9K
$618.5K – $824.7K
NOI $49,482 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Built in 2025 with insulated, heated warehouse space, 14' x 14' overhead door, and finished office mezzanine.
Where is this flex space located?
The property is located at 1095 Northside Drive NE Alexandria, MN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Commercial building built in 2025 with insulated, heated warehouse space; 14' x 14' overhead door for easy loading/unloading; Finished office area with a 22' x 11' mezzanine above
