Property profile

310 34Th Ave W Alexandria, MN 56308

FOR SALE
Commercial real estate
Property ID
US46-1363523
49,391 SF 5.53 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 49,600 square foot retail building, situated on a 5.53-acre lot, presents a unique investment opportunity. Located in a prime mid-town location directly across from Viking Plaza Mall, this single-tenant property offers unparalleled visibility and accessibility. Built in 1977 and renovated in 1988, the building boasts a spacious single-story layout with 8-15 foot ceilings, providing ample flexibility for various retail configurations. The property features 128 parking spaces, ensuring convenient customer access. Currently vacant, this property is ready for immediate occupancy. The expansive space includes multiple dock doors and a substantial staging area behind the sales floor, ideal for efficient inventory management and operations. The zoning is Commercial B-1, allowing for a wide range of potential uses. The property's location near MN Hwy 29 provides excellent access and high traffic volume. Incentives are available to prospective tenants, including rent abatement to facilitate build-out and grand opening preparations. The property's size and layout also lend themselves to potential multi-tenant adaptation. The Assessor's Parcel Number (APN) is 633096000. This is a rare opportunity to acquire a substantial retail space in a high-traffic area with significant potential for growth and return on investment.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 49,391 SF
Lot 5.53 ac (240,887 SF)
APN 63-3096-000
UPID US46-1363523

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

310 34Th Ave W Alexandria, MN 56308
Alexandria metro Census 450703 ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.11M
Blend (final) Blend
$1.40M

Owner & transaction history

since 2025
6 recorded transactions
2025
Price N/A
2024
$1.4M
2023
Price N/A
2012
Price N/A
2012
Price N/A
2011
$750,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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