419 Broadway St, Alexandria, MN 56308-1420
This exceptional commercial property at 419 Broadway Street in Alexandria, Minnesota, offers a significant opportunity for businesses seeking a prominent downtown location. The building boasts a substantial 43,000 square feet of adaptable space, perfect for a variety of commercial uses. The flexible layout allows for customization to meet diverse business needs, accommodating tenants requiring anywhere from 3,000 to 43,000 square feet. This prime location in the heart of Alexandria ensures high visibility and accessibility, attracting a large customer base. The property sits on a conveniently sized 0.1-acre lot, providing ample space for parking and potential outdoor amenities. The building's substantial square footage presents a unique chance to establish a significant presence in the thriving Alexandria commercial market. Whether you're looking to expand your existing operations or establish a new business, this property offers the space and location to thrive. Serious inquiries are encouraged to explore the possibilities and tailor the space to their specific requirements. The asking price for this exceptional opportunity is $12 million. Don't miss this chance to secure a prime piece of Alexandria real estate.
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.