209 Nokomis St Alexandria, MN 56308

This exceptional Alexandria, MN property offers a unique investment opportunity encompassing 3.76 acres of land and two existing buildings. The main focus is a 5,518-square-foot retail building, formerly a Burger King and convenience store, currently vacant and available for lease or redevelopment. A second building, a 9,000-square-foot retail space occupied by TireMaxx, presents additional possibilities. An adjacent half-acre lot provides further development potential, suitable for ground lease or sale. The entire portfolio presents significant redevelopment potential, allowing for a complete site overhaul or selective building repurposing. A sale-leaseback option with TireMaxx is available, but not a requirement for the sale of the entire portfolio. This flexible offering caters to various investment strategies, from straightforward leasing to large-scale redevelopment projects. The property's location at 209 Nokomis St, Alexandria, MN 56308, offers high visibility and accessibility. The site's versatility makes it ideal for a range of retail, restaurant, or other commercial uses. Consider the potential for a mixed-use development, capitalizing on the high-traffic location and ample space. This is a rare chance to acquire a substantial commercial property with multiple development paths in a thriving Minnesota market.