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    Property profile & analytics
    OFF-MARKET Estimated value $1,005,000
    Retail space

    419 Broadway St, Alexandria, MN 56308-1420

    4,631 SF Built 1880
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US46-1416647
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1880
    Total area 4,631 SF
    APN 63-1031-000
    UPID US46-1416647
    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
    $995k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.01M
    Owner & transaction history
    Kindred Properties LLC · 2 yrs held
    Kindred Properties LLC
    since 2023
    Last sale
    $1.1M
    1 recorded transaction
    2023
    $1.1M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $665,000 +33.8%
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