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Remodeled Main-Level Office Building
For Sale
$425,000

316 N Nokomis St, Alexandria, MN 56308

Multi-suite office configuration includes shared circulation, two bathrooms, and parking.

Property SizeContact for details
Days on Market87

Property Features for 316 N Nokomis St

General Information

Standard status Active
Occupancy 100%

Additional Details

Office Units 4

Taxes and HOA fees

Annual Taxes $6,672

Building Details

Tenancy Multi
Listing Agency: Real Estate by Jo, LLC
Listed By: Joanna Hvezda
Source: Exprealty
Added: May 18 Changed: Aug 11 Last Checked: Aug 11 at 9:56AM

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 Real Estate by Jo, LLC

Investment Insights

Based on property information with market context.

This remodeled office property is arranged across a main-level layout with no steps. The front office suite is occupied by a financial company with dedicated space and separate utility responsibility. A second area contains three office suites, the potential for a fourth suite, two bathrooms, and a common corridor. Parking is also provided.

The property is located at 316 N Nokomis St in Alexandria, MN. Its combination of individual office areas and shared facilities supports multiple occupants within one building, while the main-level configuration provides step-free access.

Key Highlights

  • Remodeled main‑level office property with no steps
  • Front suite occupied by a financial company with dedicated space and tenant‑paid utilities
  • Three office suites with potential for a fourth

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center Pet Grooming Service

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

Lease Details

4
Office units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

644
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?
Office building - Multi-suite office configuration includes shared circulation, two bathrooms, and parking.
Where is this office building located?
The property is located at 316 N Nokomis St Alexandria, MN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Remodeled main‑level office property with no steps; Front suite occupied by a financial company with dedicated space and tenant‑paid utilities; Three office suites with potential for a fourth
More about this property
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