Multi-Suite Office
For Sale
$425,000
316 N Nokomis Street, Alexandria, MN 56308
Commercial Sale, Alexandria, MN
Property SizeContact for details
Lot Size0.19 Acres
Days on Market147
Property Features for 316 N Nokomis Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 6, Bathroom 1, Bathroom 3, Bathroom 5, Bathroom 2
Parking features
Parking Lot, Guest, Driveway
Window features
Double Pane Windows
Accessibility
Accessible Approach with Ramp
Appliances
Water Heater - Electric
Subdivision
Lakeside Add
Lot features
Tree Coverage - Light
High school district
Alexandria
Directions
From Downtown. Go East on Third Ave E. Turn Left on N Nokomis St. The property will be on your right.
Standard status
Active
APN
630503000
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6672
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1956
Building materials
Concrete, Frame
Roof type
Flat
Listing Agency:
Real Estate by Jo, LLC
(320) 762-2223
Listed By:
Joanna Hvezda · License #9825
(320) 266-6053
Added: May 18
Changed: Oct 8
Last Checked: Oct 11 at 2:06AM
MLS# 7072947
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.
The office property contains a front suite occupied by a financial company, alongside a separate office area arranged as three suites with capacity for a fourth. A shared corridor and two bathrooms serve the suite area. The building dates to 1956 and has undergone remodeling. Heating is provided by forced air, with central air conditioning.
The offices are on the main level, with ramp access. On-site parking is available in a parking lot and driveway.
The offices are on the main level, with ramp access. On-site parking is available in a parking lot and driveway.
Key Highlights
- Financial company occupies the front office suite and pays its own utilities
- Three office suites with capacity for a fourth
- Two bathrooms and a common corridor serve the additional office suites
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
384
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Main-level offices include a tenant-occupied front suite and additional partitioned office space.
Where is this office building located?
The property is located at 316 N Nokomis Street 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: Financial company occupies the front office suite and pays its own utilities; Three office suites with capacity for a fourth; Two bathrooms and a common corridor serve the additional office suites
