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Financial
Distress signals
Property profile

211 Nokomis St Alexandria, MN 56308

FOR SALE
Drive through restaurants
Property ID
US46-1303769
4,132 SF 0.17 ac lot Built 1997
Last sale Apr 2016
Individually Owned Owner of record is an individual. 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Property summary

AI-generated overview

The property portfolio consists of up to two retail buildings and related land, totaling approximately 3.76 acres, including a 5,518-square-foot retail building at 209 Nokomis that was previously occupied by a BK and a C-Store, and a separate 9,000-square-foot retail building that was occupied by TireMaxx. The buildings are situated on adjacent parcels with additional land of approximately half an acre on a hard corner location. The site configuration allows for multiple development paths,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$627k
Assessed land$194k
Assessed improvement$433k
Effective rate2.37%

Value estimate

· Oct 2026
$330k
$297k – $363k
AI approach$330k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$128/SF
County average, outlier-cleaned · 16 recorded sales of this use type
Observed band · Q1–Q3$93 – $188

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDOUGLAS

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop10.4
Bakery10.3
Storage Facility10.3

Location

211 Nokomis St Alexandria, MN 56308
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1422 Broadway, Alexandria, MN 56308-2536 $500,000 Feb 2026 3,010 SF
523 Broadway, Alexandria, MN 56308-1422 $320,000 May 2025 3,722 SF
Alexandria, MN 56308 $785,400 Dec 2024 5,062 SF
1023 Broadway, Alexandria, MN 56308-2501 $350,000 Sep 2024 4,409 SF
415 Broadway, Alexandria, MN 56308-1420 $1,050,000 Oct 2023 3,845 SF
417 Broadway, Alexandria, MN 56308-1420 $1,050,000 Oct 2023 4,913 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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