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Corner Office Suite
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507 N Nokomis Street #203, Alexandria, MN 56308

The suite has reception space, multiple offices, and conference-room functionality.

Space Size1,895 SF
Property Size15,914 SF
Days on Market311

Property Features for 507 N Nokomis Street #203

General Information

Standard status Active
Size 1,895 SF
Net Rentable 1,895 SF
Zoning Business/Commercial
Lease Type Gross

Space & Availability

Available Space 1,895 SF
Contiguous Space 1,895 SF
Space Use Office
Private Offices 6
Meeting Rooms 1

Additional Details

Utilities Included in Rent heat, electricity

Taxes and HOA fees

Annual Taxes $37,586

Building Details

Building Size 15,914 SF
Year Built 1999
Stories 2
Units 12
Listing Agency: Edina Realty, Inc.
Listed By: Stuart Wood · License #40461926
Source: Driveresultsrealty
Added: Dec 23, 2025 Changed: Oct 25 Last Checked: Oct 29 at 7:36PM

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 Edina Realty, Inc.

Rey
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Investment Insights

Based on property information with market context.

This 1,895-square-foot corner office suite is configured with a reception area and six offices, one of which is currently used for conferences. Large windows bring natural light into the space. The building was constructed in 1999 and is zoned Business/Commercial.

The property is at 507 N Nokomis Street in Alexandria, with signage and parking for employees and customers. More than 18,000 vehicles travel by daily. Heat and electricity are included in the gross lease; phone and internet are the tenant’s additional expenses.

Key Highlights

  • 1,895‑square‑foot corner office suite
  • Six offices, including one currently set up for conferences
  • Reception area and large windows

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Restaurant Garden Center Bakery Storage Facility Grocery & Convenience Store

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

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

448
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Office unit - The suite has reception space, multiple offices, and conference-room functionality.
Where is this office unit located?
The property is located at 507 N Nokomis Street #203 Alexandria, MN.
What are key features of this property?
This property features: 1,895‑square‑foot corner office suite; Six offices, including one currently set up for conferences; Reception area and large windows
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