Leased Office
702b-2633 Jefferson St Alexandria, MN 56308
For Sale
$360,905
Office unit 702B offers 2,489 square feet and is currently leased to an Edward Jones location.
Property Size2,489 SF
Price / SF$145
Days on Market234
Property Features for 702b-2633 Jefferson St
General Information
Standard status
Active
Size
2,489 SF
Listing Agency:
Counselor Realty Inc of Alex
(320) 760-2722
Listed By:
Pat Ellingson · License #40490846
(320) 760-2722
Source:
Exprealty
Added: Dec 8, 2025
Changed: Jul 26
Last Checked: Jul 29 at 12:35PM
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 Counselor Realty Inc of Alex
Investment Insights
Based on property information with market context.
Unit 702 will be split by the seller into 702A and 702B. 702A is currently leased to Edward Jones, and 702B represents the remaining space.
The property is located at 2633 Jefferson St in Alexandria, MN.
Unit 702B is described as 2,489 square feet and is being offered as part of the split of the overall 702 office unit.
The property is located at 2633 Jefferson St in Alexandria, MN.
Unit 702B is described as 2,489 square feet and is being offered as part of the split of the overall 702 office unit.
Key Highlights
- Office unit 702B offers 2,489 sq ft
- Currently leased to an Edward Jones location
- Unit 702 will be split by the seller, with 702A leased to Edward Jones and 702B retaining the remaining space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.9k | $22.44 |
| − Vacancy | −$14.5k | −$5.81 |
| EGI | $41.4k | $16.63 |
| − OpEx | −$10.3k | −$4.16 |
| NOI | $31.0k | $12.47 |
2,489 SF · lease $22.44/SF/yr · vacancy 25.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$443.4K
$388.0K – $517.3K
NOI $31,040 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$784.8K
$686.7K – $915.6K
NOI $54,933 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office unit 702B offers 2,489 square feet and is currently leased to an Edward Jones location.
Where is this office units located?
The property is located at 702b-2633 Jefferson St Alexandria, MN.
What is the asking price?
The asking price for this property is $360,905.
What are key features of this property?
This property features: Office unit 702B offers 2,489 sq ft; Currently leased to an Edward Jones location; Unit 702 will be split by the seller, with 702A leased to Edward Jones and 702B retaining the remaining space
