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    Nevada St Alexandria, MN 56308

    Sponsored
    For Sale
    $1,250,000

    117 Acres, I-94 Access, $1.25M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    Exceptional 116.92-acre commercial land opportunity in Alexandria, Minnesota, ideally situated near I-94, offering unparalleled visibility and accessibility. This expansive property, comprised of six contiguous parcels (APN: 63-3535-000, 63-3500-000, 63-3500-005, 63-3500-020, 63-3500-100, 63-3500-200), is zoned Commercial - B1 and presents a unique chance for large-scale development. Its strategic location adjacent to the Alexandria Industrial Park and between freeway exits 100 and 103 ensures convenient transportation. The property's proximity to the airport and the lakes area further enhances its appeal. This site is perfect for a variety of uses, including a campus expansion, outlet mall, business park, or convention center. The potential for out-lots is also available once infrastructure is in place. The asking price is $1,250,000. While total available space is listed as 5,093,035 square feet and total expenses are $11,426, these figures are for informational purposes only and should be independently verified. This is a rare opportunity to acquire a significant land holding in a thriving Minnesota market.

    Property Features for 0 Nevada St

    General Information

    Property type
    Land
    Lot Size
    5,093,035 SF

    HighLights

    • Annual operating expenses: $11,426.
    • Total rentable space: 5,093,035 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.4083468
    Latitude
    45.860036

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    FAQs

    What type of property is this?
    Land - 117 Acres, I-94 Access, $1.25M
    Where is this land located?
    The property is located at Nevada St Alexandria, MN.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Annual operating expenses: $11,426.; Total rentable space: 5,093,035 square feet.;
    (320) 762-2077
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    Nevada St 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
    Nevada St Alexandria, MN 56308
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