4133 Iowa St, Alexandria, MN 56308-3316
This exceptional 46,473 square foot office building, situated on a generous 3.83-acre lot at 4133 Iowa Street in Alexandria, Minnesota, presents a rare opportunity for discerning investors or businesses seeking premium office space. The property boasts a highly desirable location, just minutes away from the vibrant shopping and business center of west-central Minnesota, ensuring convenient access to a wealth of amenities and a strong workforce pool. The building itself is renowned for its beautiful design and features, offering tenants a workspace of unparalleled quality. Every office within the building enjoys stunning views, a testament to its thoughtful architectural planning. The current tenancy is comprised of fantastic tenants, indicating a strong and stable income stream for potential buyers. This is a truly unique opportunity to acquire one of Alexandria's best-kept secrets in commercial real estate, a property that combines prime location, exceptional aesthetics, and a strong tenant base. The asking price is $4,300,000. This property is ready for immediate occupancy and offers significant potential for long-term growth and profitability. Serious inquiries are encouraged to schedule a viewing and explore the many advantages this exceptional office building has to offer. The property is classified as "Other" in property type.
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
Similar Nearby for Lease
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.