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    Geneva Rd Alexandria, MN 56308

    Sponsored
    For Sale
    $597,425

    Commercial Land Near Lake Geneva

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 4.22-acre parcel of commercial land presents a unique investment opportunity in Alexandria, Minnesota. Located on X NE Geneva Road, this property boasts a desirable location near Lake Geneva, offering significant potential for various commercial developments. The asking price is $597,425, translating to a land value of $3.25 per square foot. The property's expansive size provides ample space for a wide range of commercial ventures, from retail establishments and restaurants to office buildings or light industrial uses. Its proximity to Lake Geneva adds significant appeal, potentially attracting businesses that benefit from the area's recreational amenities and tourism. The address is X NE Geneva Road, Alexandria, MN 56308, situated within Douglas County. Detailed site analysis and surveys are recommended to fully assess the development potential and to confirm suitability for specific commercial uses. This property is zoned for commercial use (verification of zoning with local authorities is advised). Given its size, location, and price point, this land represents a compelling investment opportunity for developers and entrepreneurs seeking a strategic foothold in a thriving Minnesota community. The property's latitude and longitude coordinates are 45.9034327 and -95.3400594 respectively. Serious inquiries are encouraged to explore the possibilities of this remarkable commercial land offering.

    Property Features for 0 Geneva Rd

    General Information

    Property type
    Land
    Lot Size
    183,823 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.3400594
    Latitude
    45.9034327

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    FAQs

    What type of property is this?
    Land - Commercial Land Near Lake Geneva
    Where is this land located?
    The property is located at Geneva Rd Alexandria, MN.
    What is the asking price?
    The asking price for this property is $597,425.
    Request Owner's contact information
    Geneva Rd Alexandria, MN 56308
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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
    Geneva Rd Alexandria, MN 56308
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