310 34Th Ave Alexandria, MN 56308
- Commercial real estate
- 49,391 SF
- 5.53 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 310 34Th Ave
- Lot size
- 5.53 lot acres
- Property size
- 49,391 SF
- Property type
- Commercial real estate
- APN
- 63-3096-000
- APU
- 633096000
Description
This exceptional 49,600 square foot retail building, situated on a 5.53-acre lot, presents a unique investment opportunity. Located in a prime mid-town location directly across from Viking Plaza Mall, this single-tenant property offers unparalleled visibility and accessibility. Built in 1977 and renovated in 1988, the building boasts a spacious single-story layout with 8-15 foot ceilings, providing ample flexibility for various retail configurations. The property features 128 parking spaces, ensuring convenient customer access. Currently vacant, this property is ready for immediate occupancy. The expansive space includes multiple dock doors and a substantial staging area behind the sales floor, ideal for efficient inventory management and operations. The zoning is Commercial B-1, allowing for a wide range of potential uses. The property's location near MN Hwy 29 provides excellent access and high traffic volume. Incentives are available to prospective tenants, including rent abatement to facilitate build-out and grand opening preparations. The property's size and layout also lend themselves to potential multi-tenant adaptation. The Assessor's Parcel Number (APN) is 633096000. This is a rare opportunity to acquire a substantial retail space in a high-traffic area with significant potential for growth and return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,450,000
- 6.5%
- $1,410,000
- 7%
- $1,360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,540,000
- Geo Method
- $1,685,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,745,000
- Retail
- $1,340,000
- Mixed-Use
- $1,675,000
- Hospitality
- $1,650,000
- Educational
- $1,365,000
- Residential Income
- $1,365,000
- Energy
- $1,555,000
- Income-Based Land
- $1,595,000
- Food Service
- $1,605,000
Location Insight
- Map
- Local Demand
- City
- Alexandria
- County
- Douglas
- State
- Minnesota
- Longitude
- -95.3817
- Latitude
- 45.8589
- CBSA code
- 10820
- CBSA name
- ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA
