Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Industrial Building For Lease Title is generated by Realmo AI

    1104 34th Ave W, Alexandria, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    55,373 SF industrial building on 7-acre lot for lease.

    Type:INDUSTRIAL
    Property size:
    55,373 SF
    Lot size:
    503.26 Acres
    Added:
    Jun 5, 2025
    Days on Market:
    351
    Last Refresh:
    Apr 5 at 8:12 pm

    Property Features for 1104 34th Ave W

    General Information

    Standard status
    Active
    Size
    55,373 SF
    Lot size
    503.26 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 1104 34th Ave W Contact us

    We can help!

    Listing Contact
    Jacob Cleveland
    Jacob Cleveland

    Listing agent Jacob Cleveland License #40670943

    Listing office Inventure Real Estate

    Listing date Jun 5, 2025

    Source Moodyscre

    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 Inventure Real Estate

    HighLights

    • 55,373 sq ft facility suitable for industrial/warehouse and office use.
    • Easily accessible location off State Highway 29 and minutes from Interstate 94, providing excellent regional connectivity.
    • Potential for multi‑tenant use.
    • Located on a spacious seven‑acre lot.
    • Includes one dock door and one exterior overhead door with multiple interior overhead doors.
    • Proximity to major retailers (Walmart, Menards), restaurants, and a regional medical center.

    Overview

    This 55,373-square-foot industrial building is available for lease. Situated on a seven-acre lot, the facility is located at 1104 34th Ave W, Alexandria, MN 56308. The building features one dock door and one exterior overhead door, along with multiple interior overhead doors. Sidewall heights range from 18 to 22 feet. The property includes multiple 3-Phase, 110, 240, and 480 volt services. Located off State Highway 29 and minutes from Interstate 94, the property provides regional connectivity to the Twin Cities, Fargo, and Central Minnesota. The site is positioned in a developed area with traffic flow, near major retailers, restaurants, and a regional medical center. The property was previously occupied by a single tenant but can accommodate multiple tenants. It includes both industrial/warehouse and office space, making it suitable for industrial operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Dental Office Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.3934431
    Latitude
    45.8606119

    Nearby Similar for Lease

    • $28 SF/Yr
      2,114 SF

      Prime Retail Spaces on Broadway

      Premier retail spaces in Alexandria's most anticipated mixed-use development.
      317 Broadway St, Alexandria, MN
      View Details
    • Contact for pricing
      23,940 SF

      Alexandria Industrial Space For Lease

      24,000 SF climate-controlled industrial space in Alexandria's industrial park.
      1910 42nd Ave W, Alexandria, MN
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space with Highway Visibility

      Retail space with patio and exceptional highway visibility.
      4906-4911 Hwy 29 , Alexandria, MN
      View Details
    • Contact for pricing
      3,089 SF

      Private Office Suites For Lease

      Private office suites available in a well-maintained, centrally located building.
      720 Broadway St, Alexandria, MN
      View Details
    • Contact for pricing
      5,000 SF

      Medical Space in Alexandria, MN

      High-quality medical space available for lease in Alexandria, MN.
      6600 Hwy 29, Alexandria, MN
      View Details
    • Contact for pricing
      6,600 SF

      Industrial Space in Alexandria, MN

      6,600 SF industrial property available for rent.
      3181 Evergreen Ln, Alexandria, MN
      View Details

    FAQs

    What type of property is this?
    Warehouse - 55,373 SF industrial building on 7-acre lot for lease.
    Where is this warehouse located?
    The property is located at 1104 34th Ave W Alexandria, MN.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 55,373 sq ft facility suitable for industrial/warehouse and office use.; Easily accessible location off State Highway 29 and minutes from Interstate 94, providing excellent regional connectivity.; Potential for multi‑tenant use.
    (320) 291-8625 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jacob Cleveland
    Jacob Cleveland
    Real Estate License ID: 40670943
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1104 34th Ave W, Alexandria, MN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!