Technical
Financial
Distress signals
Property profile

1002 Broadway St Alexandria, MN 56308

OFF-MARKET
Other office properties
Property ID
US46-1355868
1,973 SF Built 1900
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This turn-of-the-century commercial building is located on a corner lot on Broadway (State Hwy 29) in Alexandria, Minnesota, with frontage on a signalized intersection and nearby retail use across the street. The property has historically been used for residential and professional purposes, including as a home, the city’s first funeral home, an insurance office, and an attorney’s office, and it currently includes an upper-level 2-bedroom apartment. The building is configured as three units, each with its own entry, and includes a wheelchair ramp providing access to one unit. A stone sign is located at the corner, and a parking lot accessed from the alley provides approximately 10 parking spaces. The property is zoned for business and commercial use and occupies a 0.399-acre lot.

Property profile

Verified
Property type Other office properties
Use group OFFICE (GENERAL)
Year built 1900
Total area 1,973 SF
APN 63-1706-000
UPID US46-1355868

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor

Location

1002 Broadway St Alexandria, MN 56308-2651
Alexandria metro Census 450704 ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2024
Last sale
$415,000
3 recorded transactions
2024
$415,000
2024
Price N/A
2015
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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