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    Geneva Rd Alexandria, MN 56308

    Sponsored
    For Sale
    $1,396,753

    11.66 Acres Near Lake Geneva

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 11.66-acre commercial land parcel presents a unique investment opportunity in Alexandria, Minnesota. Located at XX NE Geneva Road, 56308, this property boasts a strategic location near Lake Geneva, offering high visibility and potential for diverse commercial development. The land is priced at $1,396,753, translating to a land value of $2.75 per square foot. Its expansive size provides ample space for a variety of commercial ventures, from retail establishments and office complexes to light industrial uses. The property's proximity to Lake Geneva adds significant appeal, potentially attracting businesses that benefit from recreational tourism or a desirable lakeside setting. Detailed site surveys and environmental assessments are recommended to fully understand the development potential. This property is zoned for commercial use (verification of zoning with Douglas County is recommended). Utilities are available in the area, although specific connection details require independent verification. The address is XX NE Geneva Road, Alexandria, MN 56308. This is a rare opportunity to acquire a substantial commercial land holding in a desirable Minnesota location. Serious inquiries are encouraged to explore the possibilities this property offers. The geographic coordinates are latitude 45.896235 and longitude -95.349056.

    Property Features for 0 Geneva Rd

    General Information

    Property type
    Land
    Lot Size
    507,910 SF

    HighLights

    • $1,396,753 asking price.
    • 11.66 acres of commercial land.
    • $2.75/SF land value.
    • Located in Alexandria, MN.
    • Situated near Lake Geneva.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.349056
    Latitude
    45.896235

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    FAQs

    What type of property is this?
    Land - 11.66 Acres 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 $1,396,753.
    What are key features of this property?
    This property features: $1,396,753 asking price.; 11.66 acres of commercial land.; $2.75/SF land value.
    Request Owner's contact information
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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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