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    42Nd Ave Alexandria, MN 56308

    Sponsored
    For Sale
    $70,000

    1.53-acre lot, prime industrial location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.53-acre commercial and industrial land parcel presents a unique investment opportunity in Alexandria, Minnesota. Located in Alexandria's Business Park, this property boasts 420 feet of frontage, providing excellent visibility and accessibility. Its strategic location offers convenient access to Interstate 94 via Exit 100, facilitating seamless transportation and logistics. The property is zoned for industrial use, making it suitable for a variety of businesses. The lot comprises two parcels, with APN numbers 233 211 67 264 (0.82 acres) and 197 199 110 211 (0.71 acres). High traffic counts are a key advantage, with Highway 6 seeing 6,400 vehicles per day and Highway 21 boasting 21,100 vehicles per day. Annual property taxes are $1,568. This property is ideal for businesses seeking expansion or a new location in a thriving area with excellent infrastructure and high visibility. The property's size and zoning make it suitable for a wide range of industrial uses. Don't miss this chance to acquire a valuable piece of land in a strategic location.

    Property Features for 0 42Nd Ave

    General Information

    Property type
    Land
    Lot Size
    66,647 SF

    HighLights

    • High visibility location with 6,400 vehicles per day on the backside highway.
    • High traffic count of 21,100 vehicles per day on the front side highway.
    • Annual property taxes: $1,568.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.405167181853
    Latitude
    45.850909316123

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    FAQs

    What type of property is this?
    Land - 1.53-acre lot, prime industrial location.
    Where is this land located?
    The property is located at 42Nd Ave Alexandria, MN.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: High visibility location with 6,400 vehicles per day on the backside highway.; High traffic count of 21,100 vehicles per day on the front side highway.; Annual property taxes: $1,568.
    Request Owner's contact information
    42Nd Ave 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
    42Nd Ave Alexandria, MN 56308
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