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Financial
Distress signals
Property profile

403 Broadway St Alexandria, MN 56308

FOR SALE
Retail space
Property ID
US46-0940546
1,461 SF Built 1948
Last sale Dec 2014 · $160,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This approximately 3,000-square-foot storefront features a mostly open interior layout intended for flexible retail or showroom use. The space includes large street-facing display windows, a sidewalk display area, and high ceilings that support an expansive presentation. A private office is positioned toward the rear, and additional bonus storage is located in a lower level. The property is situated in a highly visible downtown setting on Broadway in Alexandria and includes alley access.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$179k
Assessed land$35k
Assessed improvement$144k
Effective rate1.79%

Value estimate

· Oct 2026
$255k
$230k – $281k
AI approach$255k
NOI build-up
Gross scheduled income$91k
Vacancy & credit loss−$2k
Operating expenses−$27k
NOI · 13.83% cap applied$62k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$107/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$71 – $137

Cap rate analysis

How does the asset earn?
13.83%
$62k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply12.7
Storage Facility12.7
Wholesale Shop12.6

Location

403 Broadway St Alexandria, MN 56308
County assessor Recorded deeds · 7 transfers 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 · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
611 Broadway, Alexandria, MN 56308-1809 $112,500 Sep 2024 1,750 SF
109 6th W, Alexandria, MN 56308-1701 $280,000 Dec 2023 1,261 SF
2020 Fillmore, Alexandria, MN 56308-2728 $225,000 Oct 2023 1,518 SF
112 6th W, Alexandria, MN 56308-2422 $200,000 Mar 2023 1,292 SF
621 Hawthorne, Alexandria, MN 56308-1815 $195,000 Dec 2022 1,789 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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