310 34Th Ave W, Alexandria, MN 56308
For Sale
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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.
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
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.