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    Property profile & analytics
    OFF-MARKET Estimated value $710,000
    Retail space

    1213 Broadway St, Alexandria, MN 56308-2531

    9,926 SF Built 1920
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US46-1258278
    Property summary
    AI-generated overview

    This exceptional 9,927 square foot commercial property is located on a prominent corner of Broadway Street in downtown Alexandria, Minnesota, offering unparalleled visibility and accessibility. Situated on a 0.62-acre lot, the building boasts ample parking, including a fenced-in area, ensuring convenient access for customers and employees. The property's current configuration is highly versatile, featuring four distinct areas. One section is currently leased to an established business, while another is designed as a banquet room, ideal for events and gatherings. A third area serves as a catering/kitchen prep space, and a fourth provides heated shop/warehouse space. Recent extensive renovations have modernized the building, including the installation of new HVAC systems, parking lot improvements, updated lighting, flooring, walls, electrical systems, plumbing, and a new fire suppression system. This prime location is perfect for a variety of uses, including retail, office, healthcare, restaurant, or mixed-use development, presenting a unique opportunity for expansion or investment. The high volume of foot and vehicular traffic ensures maximum exposure, making this a truly exceptional commercial opportunity in the heart of Alexandria. Lease options are available. Don't miss this chance to own a piece of Alexandria's thriving downtown.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1920
    Total area 9,926 SF
    APN 63-1615-000
    UPID US46-1258278
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $655k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $700k
    Blend (final) Blend
    $710k
    Owner & transaction history
    Lasd Holdings LLC · 4 yrs held
    Lasd Holdings LLC
    since 2022
    Last sale
    $750,000
    4 recorded transactions
    2022
    2022
    $750,000
    2019
    2008
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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