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Standalone Cannabis Dispensary Building
For Lease
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401 North Nokomis North East, Alexandria, MN 56308

Approved for one of four Alexandria cannabis dispensary licenses, with pylon signage and eligibility for Minnesota’s microbusiness structure.

Space Size2,762 SF
Days on Market15

Property Features for 401 North Nokomis North East

General Information

Standard status Active
Size 2,762 SF
Total Parking Spaces 50
Property subtype Retail

Building Details

Building Size 2,762 SF
Tenancy Single

Spaces For Lease

at 401 North Nokomis North East Contact us

#1

Size
2,762 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Listing Agency: Green Zoned Realty
Listed By: Keri Knipple · License #MI 6505430639
Source: Crexi
Added: Jul 28 Changed: Aug 8 Last Checked: Aug 11 at 8:33AM

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 Green Zoned Realty

Investment Insights

Based on property information with market context.

The property is a 2,762-square-foot standalone building at 401 North Nokomis North East in Alexandria, Minnesota. The site has 50+ parking spaces and prominent pylon signage. Approval is secured for one of four cannabis dispensary licenses in Alexandria, and the property is eligible for Minnesota’s microbusiness license structure.

That structure may support cultivation, product manufacturing, retail sales, seedling sales, and a designated on-site consumption area within one or multiple integrated locations. The source information identifies potential indoor cultivation of up to 5,000 square feet of canopy or outdoor cultivation across a half-acre, along with processing capacity of 10,000 lbs of cannabis. Nearby national tenants include McDonald's, Subway, Dairy Queen, Caribou Coffee, Pizza Hut, Scooter's Coffee, Casey's, Verizon, Wells Fargo Bank, and USPS.

Key Highlights

  • 2,762‑square‑foot standalone building
  • Approval secured for one of four cannabis dispensary licenses in Alexandria
  • 50+ parking spaces on site

Property Analytics

Current Use

Cannabis Properties

Suggested Use

Top Pick Dental Office Restaurant Pharmacy Law Firm Garden Center Storage Facility

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

231
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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Cannabis property - Approved for one of four Alexandria cannabis dispensary licenses, with pylon signage and eligibility for Minnesota’s microbusiness structure.
Where is this cannabis property located?
The property is located at 401 North Nokomis North East Alexandria, MN.
What are key features of this property?
This property features: 2,762‑square‑foot standalone building; Approval secured for one of four cannabis dispensary licenses in Alexandria; 50+ parking spaces on site
More about this property
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