End Unit Wellness Office
803-510 22nd Ave E Alexandria, MN 56308
803-510 22nd Ave E, Alexandria, MN, 56308
$549,900
For Sale
$549,900
End unit suite currently operating as a salon, offering nearly 2,500 square feet with parking and exposure nearby businesses.
Property Size2,500 SF
Price / SF$219.96
Days on Market133
Property Features for 803-510 22nd Ave E
General Information
- Standard status
- Active
- Size
- 2,500 SF
Listing agency
Kvale Real Estate
(320) 219-7678
Listed by
Carl R Kvale
(320) 219-7678
Source
Exprealty
Added: Mar 11 Updated: Jul 20 at 7:15PM Checked: Jul 20 at 7:15PM
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 Kvale Real Estate
Investment Insights
Based on property information with market context.
This end unit suite is offered for sale in Easton Place and is currently operating as a salon. The space totals nearly 2,500 square feet and can be repurposed for a range of professional uses, including office space, dentistry, spa, chiropractic, health clinic, and physical therapy, subject to applicable approvals.
The property benefits from great parking and strong exposure, with proximity to numerous businesses that support day-to-day customer access.
Seller financing is available, providing another option for qualified buyers evaluating this suite within the commercial environment of Easton Place.
The property benefits from great parking and strong exposure, with proximity to numerous businesses that support day-to-day customer access.
Seller financing is available, providing another option for qualified buyers evaluating this suite within the commercial environment of Easton Place.
Key Highlights
- End unit suite with nearly 2,500 sq ft, currently operating as a salon
- Flexible layout that could function as office, dentistry, spa, chiropractic, health clinic, or physical therapy
- Includes parking and exposure for customers, patients, or other clientele
Local Financial Insights For Healthcare Medical
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 | $78.0k | $31.20 |
| − Vacancy | −$17.2k | −$6.90 |
| EGI | $60.8k | $24.30 |
| − OpEx | −$24.3k | −$9.72 |
| NOI | $36.5k | $14.58 |
2,500 SF · lease $31.20/SF/yr · vacancy 22.10% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$520.8K
$455.7K – $607.6K
NOI $36,457 @ 7.0% cap · market cap 6.63%
Second Best
Office B
$445.4K
$389.7K – $519.6K
NOI $31,178 @ 7.0% cap · market cap 5.67%
Theoretical Best
Specialty Retail
$788.2K
$689.7K – $919.6K
NOI $55,176 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Spa & wellness properties
Similar For Sale Nearby
Similar Off Market Nearby
- Dr. Peter Pfeffer, D.C. — 108 15th Ave E, Alexandria, MN 56308
- Kosloski Athletic Training & Services, LLC — 510 22nd Ave E #201A, Alexandria, MN 56308
FAQs
What type of property is this?
Spa & wellness property - End unit suite currently operating as a salon, offering nearly 2,500 square feet with parking and exposure nearby businesses.
Where is this spa & wellness property located?
The property is located at 803-510 22nd Ave E Alexandria, MN.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: End unit suite with nearly 2,500 sq ft, currently operating as a salon; Flexible layout that could function as office, dentistry, spa, chiropractic, health clinic, or physical therapy; Includes parking and exposure for customers, patients, or other clientele
