1228 Nokomis Alexandria, MN 56308
- Commercial real estate
- 0.26 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1228 Nokomis
- Lot size
- 0.26 lot acres
- Property type
- Commercial real estate
- APN
- 63-4002-590
- APU
- 634002590
Description
This exceptional business opportunity encompasses a well-established restaurant supply company situated in Alexandria, Minnesota. The business operates from a substantial 11,870 square foot building, strategically located on a high-traffic road (N Nokomis NE) offering excellent visibility and ample parking. The property includes a spacious showroom, dedicated service areas, and extensive storage space to accommodate the inventory needs of a thriving business. The 0.64-acre lot provides ample space for operations and potential future expansion. The sale includes the land, building, and the established business itself, presenting a turnkey opportunity for a new owner. Years of dedicated operation have cultivated a strong reputation and loyal customer base within the greater central Minnesota community. This presents a unique chance to acquire a profitable, turnkey operation with significant growth potential in a desirable location. The business is ready for a new owner to continue its legacy of success and build upon its established foundation. This is an exceptional opportunity for an entrepreneur seeking a well-established business with a proven track record. The asking price for this complete package is $1,095,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $255,000
- 7%
- $265,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $255,000
- Retail
- $280,000
- Mixed-Use
- $200,000
- Hospitality
- $240,000
- Educational
- $260,000
- Residential Income
- $265,000
- Energy
- $215,000
- Income-Based Land
- $250,000
- Food Service
- $250,000
Location Insight
- Map
- Local Demand
- City
- Alexandria
- County
- Douglas
- State
- Minnesota
- Longitude
- -95.3677
- Latitude
- 45.9044
- CBSA code
- 10820
- CBSA name
- ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA