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Property profile & analytics
FOR SALE
Warehouses

4133 Iowa St Alexandria, MN 56308

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
Price N/A
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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