42nd 42Nd Ave Alexandria, MN 56308
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.