Heated Shop with Two Overhead
4760 Country Shrs Sw, Alexandria, MN 56308
For Sale
$134,900
A fully finished, heated shop on a buildable residential lot, featuring multiple access doors and in-floor drainage.
Property Size1,500 SF
Price / SF$89.93
Days on Market159
Property Features for 4760 Country Shrs Sw
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Drive-In Doors
Taxes and HOA fees
Annual Taxes
Listing Agency:
Century 21 First Realty, Inc.
(320) 762-8070
Listed By:
Todd J Whiting
(320) 766-2200
Source:
Exprealty
Added: Jun 7
Changed: Nov 11
Last Checked: Nov 10 at 1:49PM
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.
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Investment Insights
Based on property information with market context.
This offering includes a fully finished, heated shop designed for year-round use on a buildable residential lot. The shop is served by two 8' x 10' overhead doors plus two service doors for flexible loading and access. Interior features include 9' ceilings, excellent lighting, and an in-floor drain. Utility and workshop support are built in with air compressor lines and abundant electrical outlets. Additional functional improvements include built-in cabinetry and attic storage, creating a practical workspace for projects, hobbies, or storage.
The property is located just outside Alexandria in the Country Shores neighborhood. The lot setting is described as peaceful and private, with mature oak trees, while still keeping daily convenience in view. Access to Alexandria’s south side is indicated at about 5 minutes, and I-94 is shown as approximately 2 minutes away.
For buyers seeking a shop-first setup, the heated, finished interior and multiple access doors can support a variety of light industrial or personal-use operations. The surrounding residential buildable lot also allows for planning around a future home, keeping the property’s use aligned with both workspace needs and longer-term residential intent.
The property is located just outside Alexandria in the Country Shores neighborhood. The lot setting is described as peaceful and private, with mature oak trees, while still keeping daily convenience in view. Access to Alexandria’s south side is indicated at about 5 minutes, and I-94 is shown as approximately 2 minutes away.
For buyers seeking a shop-first setup, the heated, finished interior and multiple access doors can support a variety of light industrial or personal-use operations. The surrounding residential buildable lot also allows for planning around a future home, keeping the property’s use aligned with both workspace needs and longer-term residential intent.
Key Highlights
- Fully finished, heated shop on a buildable residential lot just outside Alexandria
- Over 1,500 sq. ft. shop with 9' ceilings and excellent interior lighting
- Shop includes two 8' x 10' overhead doors plus two service doors for access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,645
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,900
$232.9K
Cap Rate 7%
$166,357
$166.4K
Cap Rate 9%
$129,389
$129.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$14.9K $9.96/SF
− Vacancy
−$1.2K −$0.83/SF
EGI
$13.7K $9.13/SF
− OpEx
−$2.1K −$1.37/SF
NOI
$11.6K $7.76/SF
Area
Douglas County, MN
Vacancy
8.30%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,900
Cap Rate 7%
$166,357
Cap Rate 9%
$129,389
Alternative Uses
Best Use
Warehouse
$166.4K
$145.6K – $194.1K
NOI $11,645 @ 7.0% cap · market cap 8.63%
Second Best
Industrial
$129.6K
$113.4K – $151.2K
NOI $9,072 @ 7.0% cap · market cap 6.72%
Theoretical Best
Specialty Retail
$472.9K
$413.8K – $551.8K
NOI $33,106 @ 7.0% cap · market cap 24.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
9 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
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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
$307,600
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Douglas County, MN
Properties on Market for Warehouses in Douglas County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - A fully finished, heated shop on a buildable residential lot, featuring multiple access doors and in-floor drainage.
Where is this warehouse located?
The property is located at 4760 Country Shrs Sw Alexandria, MN.
What is the asking price?
The asking price for this property is $134,900.
What are key features of this property?
This property features: Fully finished, heated shop on a buildable residential lot just outside Alexandria; Over 1,500 sq. ft. shop with 9' ceilings and excellent interior lighting; Shop includes two 8' x 10' overhead doors plus two service doors for access
