Divisible Office
For Sale
$360,905
2633 Jefferson Street, Alexandria, MN 56308
Commercial Sale, Alexandria, MN
Property Size2,489 SF
Lot Size0.08 Acres
Price / SF$145
Days on Market312
Property Features for 2633 Jefferson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Parking features
Driveway
High school district
Alexandria
Directions
Highway 29, East on 30th Ave, property on the left
Standard status
Active
APN
633055400
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11778
Utilities
Heating system
Forced Air
Building Details
Year built
2008
Building materials
Concrete, Frame
Roof type
Shingle
Listing Agency:
Counselor Realty Inc of Alex
(320) 762-1111
Listed By:
Pat Ellingson · License #40490846
(320) 760-2722
Added: Dec 5, 2025
Changed: Oct 8
Last Checked: Oct 13 at 5:06AM
MLS# 6824679
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Unit 702 is being divided into two suites. Suite 702A is leased to Edward Jones, while Suite 702B contains 2,489 square feet. The building was constructed in 2008 with concrete and frame materials, a shingle roof, forced-air heating, and driveway parking.
Key Highlights
- Suite 702B contains 2,489 square feet
- Suite 702A is leased to Edward Jones
- Constructed in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,040
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,800
$620.8K
Cap Rate 7%
$443,429
$443.4K
Cap Rate 9%
$344,889
$344.9K
Market Conditions
NOI Build-Up for 2,489 SF
Gross rent
$55.9K $22.44/SF
− Vacancy
−$14.5K −$5.81/SF
EGI
$41.4K $16.63/SF
− OpEx
−$10.3K −$4.16/SF
NOI
$31.0K $12.47/SF
Area
Douglas County, MN
Vacancy
25.90%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,800
Cap Rate 7%
$443,429
Cap Rate 9%
$344,889
Alternative Uses
Best Use
Office B
$443.4K
$388.0K – $517.3K
NOI $31,040 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$784.8K
$686.7K – $915.6K
NOI $54,933 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
562
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
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Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - The 2008 building features concrete and frame construction, forced-air heating, and driveway parking.
Where is this office units located?
The property is located at 2633 Jefferson Street Alexandria, MN.
What is the asking price?
The asking price for this property is $360,905.
What are key features of this property?
This property features: Suite 702B contains 2,489 square feet; Suite 702A is leased to Edward Jones; Constructed in 2008
