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    209 Nokomis St Alexandria, MN 56308

    Sponsored
    For Sale
    Contact for pricing

    Prime Alexandria Retail Opportunity

    Property size:
    2,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Alexandria, MN property offers a unique investment opportunity encompassing approximately 3.76 acres of land and two existing buildings. The portfolio includes a 5,518 square foot former Burger King and convenience store building at 209 Nokomis Street, and a 9,000 square foot retail building currently occupied by TireMaxx. An additional half-acre parcel on a signalized corner with high traffic counts (18,000 vehicles per day) is also available, presenting potential for ground lease or sale. The entire site presents significant redevelopment potential, allowing for the repurposing of existing structures or construction of new developments. A sale-leaseback option with TireMaxx is possible, but not a requirement for sale or redevelopment. The property boasts prominent pylon signage and benefits from a strong location near established businesses such as Elden's Fresh Foods, Wells Fargo Bank, and several popular restaurants and retailers. The site's proximity to dense residential neighborhoods further enhances its appeal. The owner is open to considering a ground lease for the entire 3.76-acre site. This versatile property offers a range of possibilities for investors seeking a prime retail location in a thriving community. The total square footage of the buildings ranges from 2,300 to 12,518 square feet. The property is located in Douglas County, Minnesota, zip code 56308. Potential exists for a drive-thru.

    Property Features for 209 Nokomis St

    General Information

    Property type
    Automotive properties
    Square Feet
    2,300 SF
    Lot Size
    163,786 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.3660046
    Latitude
    45.8900165

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    FAQs

    What type of property is this?
    Automotive property - Prime Alexandria Retail Opportunity
    Where is this automotive property located?
    The property is located at 209 Nokomis St Alexandria, MN.
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    Alexandria, MN 56308
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    209 Nokomis St Alexandria, MN 56308
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