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Property profile & analytics
OFF-MARKET
Warehouses

1104 34Th Ave Alexandria, MN 56308

55,373 SF
Property ID
Property summary
AI-generated overview

This exceptional 55,373-square-foot warehouse, situated on approximately 7 acres of land, becomes available February 1, 2023. The property is subject to a land lease agreement with the city. Strategically located near the intersection of Interstate 94 and Minnesota State Highways 27 and 29 in Alexandria, Minnesota (population 15,121), this single-tenant warehouse enjoys a prime position within Airport Park, a thriving mixed-use area featuring a variety of manufacturing, service, and distribution businesses. Its proximity to the Alexandria Municipal Airport, approximately 1.5 miles from the central business district, provides exceptional accessibility. The building boasts a robust steel frame construction with a brick façade, ensuring both durability and aesthetic appeal. Inside, you'll find 100% HVAC coverage for optimal climate control, multiple 3-phase/240-volt electrical services for power-intensive operations, and generous ceiling heights ranging from 18 to 22 feet. Modern amenities include energy-efficient LED lighting and readily available air and gas lines. Ample parking is provided with approximately 75 stalls, along with convenient loading dock access. This warehouse presents a unique opportunity for businesses seeking a well-equipped, strategically located facility in a growing community.

Property profile
Verified
Property type Warehouses
Total area 55,373 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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