Financial
Distress signals
Property profile

1301 N Nokomis NE Alexandria, MN 56308

FOR SALE
Retail space
Property ID
US46-1448212
2,490 SF 4 ac lot Built 1983
Last sale Jun 2025 · $685,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Commercial property located on North Nokomis Street in Alexandria, Minnesota, positioned along a high-visibility commuter route and experiencing increased traffic during the lake season. The property is zoned B1 General Business and is configured to support uses such as a service business, boutique, or professional office. It includes a layout with two private office spaces and two bathrooms. Building improvements include a replaced roof and upgraded furnace and air-conditioning units. The lot…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$653k
Assessed land$371k
Assessed improvement$282k
Effective rate2.34%

Value estimate

· Sep 2026
$525k
$473k – $578k
AI approach$500k
Submarket $/SF estimate$341k
NOI build-up
Gross scheduled income$76k
Vacancy & credit loss−$6k
Operating expenses−$10k
NOI · 5.37% cap applied$59k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$107/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$71 – $137

Cap rate analysis

How does the asset earn?
5.37%
$59k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDOUGLAS

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.4
Law Firm11.9
Building Supply11.6

Location

1301 N Nokomis NE Alexandria, MN 56308
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1422 Broadway, Alexandria, MN 56308-2536 $500,000 Feb 2026 3,010 SF
528 Broadway, Alexandria, MN 56308-1423 $485,000 Mar 2025 2,567 SF
611 Broadway, Alexandria, MN 56308-1809 $112,500 Sep 2024 1,750 SF
110 5th E, Alexandria, MN 56308-1450 $213,150 Dec 2023 2,014 SF
621 Hawthorne, Alexandria, MN 56308-1815 $195,000 Dec 2022 1,789 SF
115 5th W, Alexandria, MN 56308-1303 $175,000 Nov 2022 1,770 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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