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Gutted Mixed-Use Commercial Building
New
For Sale
$300,000

124 7th Ave W, Alexandria, MN 56308

Concrete construction and stair-free ground-level access support a flexible commercial redevelopment plan.

Property Size9,147 SF
Price / SF$32.80
Days on Market7

Property Features for 124 7th Ave W

General Information

Standard status Active
Size 9,147 SF

Building Details

Year Built 1950
Listing Agency: Jack Chivers Realty
Listed By: Kristi Sands
Source: Bradadamrealty
Added: Aug 24 Changed: Aug 29 Last Checked: Aug 29 at 8:50PM

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 Jack Chivers Realty

Investment Insights

Based on property information with market context.

This downtown Alexandria commercial property contains 9,147 square feet within a building constructed in 1950. The interior has been fully stripped, including removal of asbestos flooring and ceiling tiles, leaving concrete floors and walls for a new build-out. The ground floor is accessible without stairs, while framing is in place for two bathrooms on each level.

The building’s mixed-use classification supports a combination of retail, office, and professional-service space, subject to the final design and applicable approvals. Its location at 124 7th Ave W places the property in downtown Alexandria, Minnesota.

Key Highlights

  • 9,147 SF downtown commercial building at 124 7th Ave W, Alexandria, MN 56308
  • Interior fully gutted, including removal of asbestos flooring and ceiling tiles
  • Concrete floors and walls remain in place for redevelopment

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Bakery Storage Facility HVAC Service Home Appliance Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

994
Businesses Nearby

Demographics for 56308, MN

26,391
Population
14,350
Households
1.8
Avg Household Size
44
Median Age
33%
College-Educated
96%
High-School Grad
155.9 sq mi
ZIP Area
169
Density / Sq Mi
$76,831
Median Household Income
$43,999
Median Earnings
$921
Median Rent
$307,600
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Concrete construction and stair-free ground-level access support a flexible commercial redevelopment plan.
Where is this mixed-use property located?
The property is located at 124 7th Ave W Alexandria, MN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 9,147 SF downtown commercial building at 124 7th Ave W, Alexandria, MN 56308; Interior fully gutted, including removal of asbestos flooring and ceiling tiles; Concrete floors and walls remain in place for redevelopment
More about this property
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