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Property profile & analytics
OFF-MARKET
Land

42nd 42Nd Ave Alexandria, MN 56308

1.53 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 1.53 ac (66,647 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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