Leased Office
For Sale
$360,905
702b-2633 Jefferson St, Alexandria, MN 56308
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 Market326
Property Features for 702b-2633 Jefferson St
General Information
Standard status
Active
Size
2,489 SF
Taxes and HOA fees
Annual Taxes
$11,778
Listing Agency:
Counselor Realty Inc of Alex
(320) 762-1111
Listed By:
Pat Ellingson · License #40490846
(320) 760-2722
Source:
Exprealty
Added: Dec 8, 2025
Changed: Oct 26
Last Checked: Oct 28 at 10:07AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$31,040
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,800
$620.8K
Cap Rate 7%
$443,429
$443.4K
Cap Rate 9%
$344,889
$344.9K
Market Conditions
NOI Build-Up for 2,489 SF
Gross rent
$55.9K $22.44/SF
− Vacancy
−$14.5K −$5.81/SF
EGI
$41.4K $16.63/SF
− OpEx
−$10.3K −$4.16/SF
NOI
$31.0K $12.47/SF
Area
Douglas County, MN
Vacancy
25.90%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,800
Cap Rate 7%
$443,429
Cap Rate 9%
$344,889
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Office unit 702B offers 2,489 square feet and is currently leased to an Edward Jones location.
Where is this office unit 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
