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    515 22Nd Ave Alexandria, MN 56308

    Sponsored
    For Sale
    $2,459,000

    Class A Office, 10,253 SF, Vacant

    Property size:
    10,253 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A, 10,253-square-foot medical office building in Alexandria, Minnesota, is available for sale or lease. Built in 2009, this single-story building sits on a 0.9-acre lot and features a spacious layout previously used as a Veterans Affairs clinic. The property includes 23 exam rooms and 5 bathrooms, providing ample space for a variety of medical practices or senior care facilities. The building is currently vacant, offering immediate occupancy for a new owner or tenant. The property is zoned B-1 General Business and boasts 42 parking stalls, scheduled for resurfacing and restriping in Summer 2024. Priced at $2,459,000 ($239.83/sq ft), this represents a significant value compared to new construction costs. This prime location in Alexandria's medical district offers excellent visibility and accessibility. The building's excellent condition and functional design make it an ideal opportunity for a medical practice seeking a move-in ready space. This is a rare opportunity to acquire a high-quality, well-maintained medical office building in a desirable location.

    Property Features for 515 22Nd Ave

    General Information

    Property type
    Medical offices
    Square Feet
    10,253 SF
    Class
    A
    Lot Size
    39,204 SF

    Building Details

    Year Built
    2009
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Class A, 10,253‑square‑foot medical office building in Alexandria, MN, available for sale or lease.
    • Built in 2009, single‑story building on a 0.9‑acre lot, previously a VA clinic.
    • Features 23 exam rooms and 5 bathrooms; currently vacant.
    • B‑1 General Business zoning, 42 parking stalls (resurfacing/restriping Summer 2024).
    • Priced at $2,459,000 ($239.83/sq ft), prime location in Alexandria's medical district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.3701606
    Latitude
    45.8666755

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    FAQs

    What type of property is this?
    Medical office - Class A Office, 10,253 SF, Vacant
    Where is this medical office located?
    The property is located at 515 22Nd Ave Alexandria, MN.
    What is the asking price?
    The asking price for this property is $2,459,000.
    What are key features of this property?
    This property features: Class A, 10,253-square-foot medical office building in Alexandria, MN, available for sale or lease.; Built in 2009, single-story building on a 0.9-acre lot, previously a VA clinic.; Features 23 exam rooms and 5 bathrooms; currently vacant.
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    515 22Nd Ave 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
    515 22Nd Ave Alexandria, MN 56308
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