209 Nokomis St Alexandria, MN 56308
- Drive through restaurants
- 4,132 SF
- 0.17 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 209 Nokomis St
- Year built
- 1997
- Lot size
- 0.17 lot acres
- Property size
- 4,132 SF
- Property type
- Drive through restaurants
- APN
- 63-0609-000
- APU
- 630609000
Description
This exceptional Alexandria, MN property offers a unique investment opportunity encompassing 3.76 acres of land and two existing buildings. The main focus is a 5,518-square-foot retail building, formerly a Burger King and convenience store, currently vacant and available for lease or redevelopment. A second building, a 9,000-square-foot retail space occupied by TireMaxx, presents additional possibilities. An adjacent half-acre lot provides further development potential, suitable for ground lease or sale. The entire portfolio presents significant redevelopment potential, allowing for a complete site overhaul or selective building repurposing. A sale-leaseback option with TireMaxx is available, but not a requirement for the sale of the entire portfolio. This flexible offering caters to various investment strategies, from straightforward leasing to large-scale redevelopment projects. The property's location at 209 Nokomis St, Alexandria, MN 56308, offers high visibility and accessibility. The site's versatility makes it ideal for a range of retail, restaurant, or other commercial uses. Consider the potential for a mixed-use development, capitalizing on the high-traffic location and ample space. This is a rare chance to acquire a substantial commercial property with multiple development paths in a thriving Minnesota market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alexandria
- County
- Douglas
- State
- Minnesota
- Longitude
- -95.366
- Latitude
- 45.89
- CBSA code
- 10820
- CBSA name
- ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA
