220 104 & 108 Alexandria, MN 56308
- Office Properties & Spaces
- 6,495 SF
- 1.60 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 220 104 & 108
- Year built
- 2007
- Lot size
- 1.60 lot acres
- Property size
- 6,495 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a five-unit executive office building located at 220 22nd Ave E, Alexandria, MN 56308. The property, built in 2007, boasts a total of 6,495 square feet situated on a 1.598-acre lot. Currently housing four long-term tenants, this multi-tenant building offers excellent returns and low maintenance. The asking price is $945,000, translating to $145 per square foot. The property features a permitted Business/Commercial zoning (APN: 633048105). Recent improvements include a completely redone parking lot in 2020 and a new roof installed in 2021. The building is in excellent condition and offers easy access and high visibility. This is a turnkey investment opportunity with a strong tenant base and significant potential for future growth. The property includes units #101, 102, 103, 104, and 108. The seller retains a majority share and control of the CAM (Common Area Maintenance). This is an ideal addition to any investment portfolio seeking stable income and long-term value. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alexandria
- County
- Douglas
- State
- Minnesota
- Longitude
- -95.3758
- Latitude
- 45.8667
