1213 Broadway St, Alexandria, MN 56308-2531
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.