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    524 Willow Dr Alexandria, MN 56308

    Sponsored
    For Lease
    $11 SF/Yr ($6,296 /Mo)

    Prime Alexandria Office Space - 6,570 SF

    Lot size:
    6,570 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 524 Willow Drive in Alexandria, Minnesota, presents a unique investment opportunity. The property consists of two single-story buildings totaling 6,570 square feet, situated on a spacious 1.48-acre lot. Built in 1982 and extensively renovated in 2024, the buildings boast a 9-foot ceiling height and offer ample parking with 24 spaces. The property's zoning is CPU - Commercial, and its APN is 632856000. The property is currently configured as a single-tenant space, ideal for a variety of uses, including traditional office space or medical office space. The layout includes 12 rooms and 5 bathrooms, making it particularly well-suited for a care facility, daycare center, or similar operation. The property features a partially fenced yard and a large garage, adding to its functionality and appeal. The property taxes are $1.08 per square foot. This prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a well-maintained and versatile space in a desirable area. The property's recent renovation ensures modern amenities and functionality, while its substantial size and ample parking provide flexibility for a range of potential tenants. This is a rare opportunity to acquire a well-positioned commercial property in Alexandria, Minnesota.

    Property Features for 524 Willow Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,570 SF
    Total Rate
    6296.25

    Building Details

    Year Built/Renovated
    1982/2024
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    6,570 SF
    Rate per SF
    $11

    HighLights

    • 6,570 SF commercial property on a 1.48‑acre lot in Alexandria, MN.
    • Two single‑story buildings with 24 parking spaces.
    • Recently renovated (2024) with 9‑foot ceilings.
    • Currently configured as a single‑tenant space, suitable for office or medical use.
    • Zoned CPU‑Commercial, APN 632856000, property taxes $1.08/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.390346972075
    Latitude
    45.885562656952

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    FAQs

    What type of property is this?
    Medical office - Prime Alexandria Office Space - 6,570 SF
    Where is this medical office located?
    The property is located at 524 Willow Dr Alexandria, MN.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 6,570 SF commercial property on a 1.48-acre lot in Alexandria, MN.; Two single-story buildings with 24 parking spaces.; Recently renovated (2024) with 9-foot ceilings.
    Request Owner's contact information
    524 Willow Dr 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
    524 Willow Dr Alexandria, MN 56308
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