4409 Mn-29 Alexandria, MN 56308
This 8,929 square foot, single-story building, constructed in 2000, is situated on a 1.36-acre lot in Alexandria, Minnesota (APN: 63-3104-040). Currently vacant, the property offers a fully equipped kitchen infrastructure and is zoned for commercial use. The building enjoys a high-traffic location at a signalized corner with over 22,000 vehicles passing daily, providing excellent visibility and accessibility. Two ingress/egress points ensure convenient traffic flow. The property benefits from ample parking, including reserved spaces, and is a pad site adjacent to numerous national retailers including Walmart, Target, Starbucks, Caribou Coffee, KFC, and Harbor Freight. The asking price is $1,900,000 ($212.79 per square foot). This presents a unique opportunity for a restaurant, QSR, or other retail business seeking a prominent location in a thriving Minnesota market. The property is for sale by owner.
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.