Retail Flex Building with
115 18th Avenue W Alexandria, MN 56308
115 18th Avenue W, Alexandria, MN, 56308
$850,000
For Sale
$850,000
Retail space with multiple separate entrances plus a heated and cooled shop-warehouse with two garage doors.
Property Size8,364 SF
Price / SF$101.63
Days on Market231
Property Features for 115 18th Avenue W
General Information
- Standard status
- Active
- Size
- 8,364 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing agency
Alex Brokers Realty, LLC
(763) 228-3618
Listed by
Jacob B Zacher
(763) 228-3618
Source
Juverealestate
Added: Dec 4, 2025 Updated: Jul 23 at 1:27AM Checked: Jul 23 at 1:27AM
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 Alex Brokers Realty, LLC
Investment Insights
Based on property information with market context.
This retail flex building combines storefront-style space with a large attached heated and cooled shop/warehouse. The layout includes multiple separate entrances, offering flexibility for a variety of in-building uses. The property also features two garage doors, along with office space that totals 10 offices and a large conference room. Additional interior conveniences include a kitchenette and handicap accessible restrooms.
The retail component is described as having visibility from Broadway, supporting easy public access to the storefront areas.
The sale is subject to a lot split and does not include a detached storage building.
The retail component is described as having visibility from Broadway, supporting easy public access to the storefront areas.
The sale is subject to a lot split and does not include a detached storage building.
Key Highlights
- 1978‑built retail building with visibility from Broadway
- Retail space features multiple separate entrances
- Includes a heated and cooled attached shop/warehouse with 2 garage doors
Local Financial Insights For Warehouse
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 | $83.3k | $9.96 |
| − Vacancy | −$6.9k | −$0.83 |
| EGI | $76.4k | $9.13 |
| − OpEx | −$11.5k | −$1.37 |
| NOI | $64.9k | $7.76 |
8,364 SF · lease $9.96/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Retail
$2.46M
$2.15M – $2.87M
NOI $172,291 @ 7.0% cap · market cap 20.27%
Second Best
Warehouse
$927.6K
$811.7K – $1.08M
NOI $64,932 @ 7.0% cap · market cap 7.64%
Theoretical Best
Specialty Retail
$2.64M
$2.31M – $3.08M
NOI $184,597 @ 7.0% cap · market cap 21.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- A'BriTin Catering & Events - Alexandria, MN — 1215 Broadway St, Alexandria, MN 56308
FAQs
What type of property is this?
Flex space - Retail space with multiple separate entrances plus a heated and cooled shop-warehouse with two garage doors.
Where is this flex space located?
The property is located at 115 18th Avenue W Alexandria, MN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1978‑built retail building with visibility from Broadway; Retail space features multiple separate entrances; Includes a heated and cooled attached shop/warehouse with 2 garage doors
