Four-Unit Apartment
1407 State Highway 29 N, Alexandria, MN 56308
For Sale
$275,000
Interior demolition has been completed, creating a renovation project with established apartment-building dimensions.
Property Size5,304 SF
Price / SF$51.85
Days on Market55
Property Features for 1407 State Highway 29 N
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Highway Access
Road Access
Utilities to Site
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Century 21 First Realty, Inc.
Listed By:
Christopher B Sutton
(320) 760-7375
Source:
Tayloronken
Added: Sep 16
Changed: Oct 25
Last Checked: Oct 7 at 3:50PM
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 Century 21 First Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1954, this 5,304-square-foot property was operated as a four-unit apartment building before the tenants were vacated. Interior demolition has been completed in preparation for renovation, allowing the next owner to determine the remaining improvements. City water has been stubbed to the property, with the assessment paid, while a private well with a newer pump currently serves the site.
The property is located at 1407 State Highway 29 N in Alexandria, with visibility and exposure along Hwy 29. Mature trees occupy the large yard, and a stream crosses the property between Lakes Geneva and Le Homme Dieu. The City of Alexandria has expressed interest in commercial zoning for the property, but no zoning change is stated as complete.
The property is located at 1407 State Highway 29 N in Alexandria, with visibility and exposure along Hwy 29. Mature trees occupy the large yard, and a stream crosses the property between Lakes Geneva and Le Homme Dieu. The City of Alexandria has expressed interest in commercial zoning for the property, but no zoning change is stated as complete.
Key Highlights
- Four‑unit apartment building with 5,304 square feet
- Built in 1954; interior demolition completed for renovation
- City water stubbed to property; assessment already paid
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Interior demolition has been completed, creating a renovation project with established apartment-building dimensions.
Where is this quadplex located?
The property is located at 1407 State Highway 29 N Alexandria, MN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Four‑unit apartment building with 5,304 square feet; Built in 1954; interior demolition completed for renovation; City water stubbed to property; assessment already paid
