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Property profile & analytics
OFF-MARKET Estimated value $4,980,000
Flex space

1920 Turning Leaf SW Ln Alexandria, MN 56308-4662

59,254 SF 21.21 ac lot Built 2002
Entity Owned ~ Est. High Equity
Property ID
US46-1435703
Property summary
AI-generated overview

The Turning Leaf Business Center, a Class A, single-story building (177,000 total square feet) in Alexandria, Minnesota, offers flexible office and warehouse space for lease or sale. Built in 2002, this property sits on 30 acres (1,306,800 square feet) and boasts 22-foot ceilings, providing ample room for various business needs. Currently, 67,675 square feet of space is available, divisible into units as small as 1,014 square feet and up to 60,294 contiguous square feet. The building features convenient amenities including multiple outdoor patios, a large common eating area with vending machines and a coffee bar, fully furnished meeting rooms, and an elevator for accessibility. Ample parking is provided with 65 spaces. Its prime location on County Road 45 offers easy access to Interstate 94 (Exit 100) and is less than two miles from downtown Alexandria, providing employees with convenient access to shopping and dining options. The property's APN is 63-0120-740. This exceptional property is situated in the MN - Out of Metro North submarket and presents a unique opportunity for businesses seeking high-quality space in a desirable location. The property is zoned for office, industrial, executive office, warehouse, and distribution uses.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2002
Total area 59,254 SF
Lot 21.21 ac (923,908 SF)
APN 63-0120-740
UPID US46-1435703
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
by Request
CAP Approach CAP
$5.52M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.98M
Owner & transaction history
Turning Leaf Business Center LLC
Turning Leaf Business Center LLC
since 2026
Last sale
$4.7M
2 recorded transactions
2026
$4.7M
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $7.5M +349.1%
Restaurant $6.6M +293.5%
Retail stores $5.6M +236.7%
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