Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3211 Highway 29 Alexandria, MN 56308

    • Retail space
    • 2,338 SF
    • 0.46 lot acres
    For Sale
    View listing
    $749,900
    Value Estimation
    Location Intelligence
    Property ID
    US46-1498667
    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

    • Retail space

    Property Details for 3211 Highway 29

    Year built
    1993
    Lot size
    0.46 lot acres
    Property size
    2,338 SF
    Property type
    Retail space
    APN
    63-3075-100
    APU
    633075100

    Description

    This exceptional commercial property, located at 3211 Highway 29 S in Alexandria, Minnesota, presents a unique investment opportunity. Boasting 3,104 square feet of versatile space, this steel and concrete building enjoys a highly visible location adjacent to the Viking Plaza Mall, offering significant exposure to a substantial customer base. The property's strategic positioning, just one mile from Interstate I-94, ensures easy accessibility for both customers and employees. The building itself comprises 2,337 square feet of retail space, perfectly suited for a variety of businesses, complemented by a separate 766 square foot heated garage/storage/maintenance area, providing ample space for inventory, equipment, or additional operations. Ample parking is available with 15 spaces provided. Modern infrastructure is in place, including fiber optic connectivity and a robust 3-phase/400 amp electrical service. The 0.46-acre lot offers significant frontage (198 feet) along Highway 29 S, maximizing visibility and ensuring a strong presence within a high-traffic retail environment. This property is ready for immediate occupancy and presents a compelling opportunity for businesses seeking a prime location with excellent visibility and convenient access. The asking price is $749,900.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $370,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $390,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $415,000
      Retail
      $415,000
      Mixed-Use
      $405,000
      Hospitality
      $420,000
      Educational
      $345,000
      Residential Income
      $390,000
      Energy
      $345,000
      Income-Based Land
      $310,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.3844
    Latitude
    45.8609
    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
    $7,546
    $143,100
    $205,900
    $349,000
    -
    $143,100
    $205,900
    $349,000

    Comparable in this City

    • Value Estimation by Request
      25,167 SF

      1405 Nokomis NE

      RETAIL STORES (PERSONAL SERVICES) • 25,167 SF
      1405 Nokomis NE, Alexandria, MN 56308-5034
      View Details
    • Value Estimation
      $240,000
      9,827 SF

      504 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 9,827 SF
      504 Broadway St, Alexandria, MN 56308-4500
      View Details
    • Value Estimation
      $220,000
      2,070 SF

      410 30th Ave E Ste, Unit 106

      RETAIL STORES (PERSONAL SERVICES) • 2,070 SF
      410 30th Ave E Ste, Alexandria, MN 56308-4770
      View Details
    • Value Estimation
      $225,000
      1,879 SF

      117 6th E Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,879 SF
      117 6th E Ave, Alexandria, MN 56308-1801
      View Details
    • Value Estimation
      $295,000
      3,722 SF

      523 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 3,722 SF
      523 Broadway St, Alexandria, MN 56308-1422
      View Details
    • Value Estimation
      $735,000
      38,697 SF

      317 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 38,697 SF
      317 Broadway St, Alexandria, MN 56308-1418
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.00 Acres

      High-Visibility Commercial Space, Alexandria, MN

      Prime commercial space with high visibility and steady traffic.
      1301 N Nokomis NE, Alexandria, MN 56308
      View Details
    • $329,900
      0.38 Acres

      Prime Commercial Property in Alexandria

      Centrally located commercial property with B-1 zoning and ample parking.
      2020 Fillmore St, Alexandria, MN 56308
      View Details
    • $395,000
      1.04 Acres

      Versatile Commercial Property on Nokomis

      Commercial and residential opportunity in a high-traffic Alexandria location.
      1205 N Nokomis NE, Alexandria, MN 56308
      View Details
    • Contact for pricing
      2,300 SF

      Alexandria Retail & Land Portfolio

      Prime Alexandria Retail Opportunity
      209 Nokomis St, Alexandria, MN 56308
      View Details
    • Contact for pricing
      0.21 Acres

      Premier Retail Spaces in Alexandria

      Upscale mixed-use development with premium commercial spaces in vibrant downtown.
      317 Broadway St, Alexandria, MN 56308
      View Details
    • $285,000
      3,600 SF

      Alexandria Retail Space - High Visibility

      Prime retail space, ample parking, unique features.
      4417 County Road 82, Alexandria, MN 56308
      View Details

    Similar Nearby for Lease

    • $2,250,000
      49,600 SF

      Commercial Property in Alexandria, MN

      49,000 SF retail/warehouse space available for sale or lease.
      310 34Th Ave W, Alexandria, MN 56308
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space with Highway Visibility

      Retail space with patio and exceptional highway visibility.
      4906-4911 Highway 29, Alexandria, MN 56308
      View Details
    • $13 SF/Yr
      5,082 SF

      Prime Commercial Land on Broadway

      Highly visible commercial land for lease on Broadway Street.
      1422 Broadway St, Alexandria, MN 56308
      View Details
    • Contact for pricing
      5,000 SF

      Medical Space in Alexandria, MN

      High-quality medical space available for lease in Alexandria, MN.
      6600 Highway 29, Alexandria, MN 56308
      View Details
    • Contact for pricing
      3,089 SF

      Private Office Suites For Lease

      Private office suites available in a well-maintained, centrally located building.
      720 Broadway St, Alexandria, MN 56308
      View Details
    • Contact for pricing
      6,600 SF

      Industrial Space in Alexandria, MN

      6,600 SF industrial property available for rent.
      3181 Evergreen Ln, Alexandria, MN 56308
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3211 Highway 29
    Alexandria, MN 56308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.