Financial
Distress signals
Property profile

418 3rd E Ave Alexandria, MN 56308

OFF-MARKET
Other office properties
Property ID
US46-1448038
9,504 SF Built 1975
Last sale May 2015 · $1,000,000
Individually Owned Owner of record is an individual. 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 350-square-foot office unit with both interior and exterior doors, providing direct access from both inside and outside the building.

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.

Mortgages

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?
$26k
Tax billed · 2023
Assessed value$1.07M
Assessed land$212k
Assessed improvement$858k
Effective rate2.47%

Value estimate

· Sep 2026
$1.29M
$1.16M – $1.41M
CAP approach$1.45M
Submarket $/SF estimate$1.28M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$144/SF
ZIP average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$77 – $251

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Bakery
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Bakery9.8
Storage Facility9.8
Laundry Service8.4

Location

418 3rd E Ave Alexandria, MN 56308-1573
County assessor Recorded deeds · 1 transfer 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
660 Northside NE, Alexandria, MN 56308-5081 $850,000 Jul 2025 7,966 SF
121 5th W, Alexandria, MN 56308-1303 $850,000 May 2025 4,072 SF
415 Fillmore, Alexandria, MN 56308-1320 $850,000 May 2025 2,789 SF
316 Nokomis, Alexandria, MN 56308-5700 $350,000 Aug 2023 2,387 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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