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    415 Fillmore St Alexandria, MN 56308

    • Office Properties & Spaces
    • 2,789 SF
    For Sale
    View listing
    $450,000
    Value Estimation
    Last Sale
    May 29, 2025
    $850,000
    Location Intelligence
    Property ID
    US46-1395328
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 415 Fillmore St

    Year built
    1984
    Property size
    2,789 SF
    Property type
    Office Properties & Spaces
    APN
    63-0917-500
    APU
    630917500

    Description

    This exceptional commercial property located at 415 Fillmore Street in the heart of Alexandria, Minnesota, presents a unique investment opportunity. Boasting a generous 4,389 square feet of versatile space spread across multiple levels, this building offers endless possibilities for a variety of businesses. The expansive interior provides ample room for customization and creative design, allowing for the development of a truly unique commercial space. A significant advantage is the inclusion of a convenient parking lot with 17 spaces, ensuring ample parking for customers and employees. The property also features a 10-foot garage door, adding to its functionality and potential uses. Its prime location on Fillmore Street guarantees excellent visibility and accessibility, ensuring high foot traffic and exposure for your business. The 0.23-acre lot provides ample space for outdoor activities or expansion. Priced at $450,000, this property represents a compelling investment in a thriving downtown location. The flexible layout and substantial square footage make this an ideal space for a wide range of commercial ventures. Don't miss this chance to acquire a prominent commercial property in a desirable location. Schedule a viewing today to explore the potential of this remarkable space.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $730,000

    • CAP approach

      CAP return
      Estimation
      6%
      $815,000
      6.5%
      $765,000
      7%
      $815,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $750,000
      Geo Method
      $765,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $730,000
      Retail
      $870,000
      Mixed-Use
      $900,000
      Hospitality
      $880,000
      Educational
      $680,000
      Residential Income
      $890,000
      Energy
      $705,000
      Income-Based Land
      $850,000
      Food Service
      $820,000

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.3789
    Latitude
    45.8876
    CBSA code
    10820
    CBSA name
    ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,736
    $46,300
    $206,200
    $252,500
    -
    $46,300
    $206,200
    $252,500

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    415 Fillmore St
    Alexandria, MN 56308
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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