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

Professional office suite with multiple private rooms, expansive windows, parking, and a gross lease structure.

Space Size1,895 SF
Property Size15,914 SF
Days on Market239

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
Sublease No
Private Offices 6
Meeting Rooms 1

Taxes and HOA fees

Annual Taxes $37,586

Amenities

large reception area
large windows
heat and electric included
ample parking
great signage

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: Juverealestate
Added: Dec 23, 2025 Changed: Aug 18 Last Checked: Aug 19 at 2:37PM

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.

Investment Insights

Based on property information with market context.

Suite 203 offers 1,895 square feet within a professional office building completed in 1999. The layout includes a substantial reception area, six offices, and large windows; one office is currently configured for conference use. Heat and electricity are included under the gross lease, with phone and internet as the only additional expense identified.

The property at 507 N Nokomis Street in Alexandria benefits from corner positioning, signage, ample parking, and exposure to more than 18,000 vehicles daily. The well-maintained building contains 15,914 square feet and is zoned Business/Commercial.

Key Highlights

  • 1,895 sq ft corner office suite at 507 N Nokomis Street #203
  • Six offices plus a large reception area; one office currently serves as a conference room
  • Large windows, signage, and ample parking for employees and customers

Property 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

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 units - Professional office suite with multiple private rooms, expansive windows, parking, and a gross lease structure.
Where is this office units 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 sq ft corner office suite at 507 N Nokomis Street #203; Six offices plus a large reception area; one office currently serves as a conference room; Large windows, signage, and ample parking for employees and customers
More about this property
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