510 22Nd Ave Alexandria, MN 56308
- Office Properties & Spaces
- 2,022 SF
- 0.04 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 510 22Nd Ave
- Year built
- 2001
- Lot size
- 0.04 lot acres
- Property size
- 2,022 SF
- Property type
- Office Properties & Spaces
- APN
- 63-2966-500
- APU
- 632966500
Description
This exceptional 1,935 square foot office space in Alexandria, Minnesota, presents a fantastic opportunity for businesses seeking a well-maintained and conveniently located property. Situated within a vibrant business complex overlooking a tranquil wildlife pond, this end unit offers unparalleled convenience and a serene atmosphere. The property boasts two separate entrances, providing flexibility and privacy, and is flooded with abundant natural light. Recently refreshed with fresh paint and cleaning, this space is truly move-in ready. The layout includes multiple private treatment rooms, ideal for medical or therapeutic practices, along with changing rooms and an x-ray suite – a legacy from its previous use as a chiropractic office. The existing wall between the two units can be easily removed to create a larger, open space, or a door can be added to maintain separation. The building exterior has also received recent upgrades, including new shingles and brickwork completed in June 2023, ensuring long-term value and curb appeal. The property sits on a 0.09-acre lot and offers ample parking for staff and clients. Common area maintenance (CAM) fees are $1.85 per square foot. This is a rare opportunity to acquire a turnkey office space in a desirable location. Don't miss out on this exceptional offering.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $205,000
- 6.5%
- $190,000
- 7%
- $195,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $195,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $205,000
- Mixed-Use
- $195,000
- Hospitality
- $230,000
- Educational
- $220,000
- Residential Income
- $220,000
- Energy
- $175,000
- Income-Based Land
- $220,000
- Food Service
- $215,000
Location Insight
- Map
- Local Demand
- City
- Alexandria
- County
- Douglas
- State
- Minnesota
- Longitude
- -95.3717
- Latitude
- 45.8663
- CBSA code
- 10820
- CBSA name
- ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA