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    Property profile & analytics
    OFF-MARKET Estimated value $2,130,000
    Warehouses

    4133 Iowa St, Alexandria, MN 56308-3316

    16,604 SF 3.83 ac lot Built 2008
    Entity Owned 18-yr Hold Free & Clear
    Property ID
    US46-1450563
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2008
    Total area 16,604 SF
    Lot 3.83 ac (166,835 SF)
    APN 63-3150-250
    UPID US46-1450563
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.99M
    Comparable Approach Comparable
    $2.60M
    Blend (final) Blend
    $2.13M
    Owner & transaction history
    Lodgepole Pines LLC · 18 yrs held
    Lodgepole Pines LLC
    since 2008
    1 recorded transaction
    2008
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.4M +45.1%
    Restaurant $2.1M +29.2%
    Retail stores $1.8M +8.5%
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