504 Broadway St, Alexandria, MN 56308-4500
This stunning three-story, 30,000 square foot office building in downtown Alexandria offers a unique opportunity for businesses seeking a vibrant and productive workspace. Built in 2023, the property features four suites, with two currently available, each boasting approximately 700 square feet of space. Each suite includes a 10x10 closet, providing ample storage. The building is zoned for business use and sits on a 0.25-acre lot. Enjoy the convenience of a single elevator and stair access. Shared amenities include two modern conference rooms, restrooms, and a kitchenette, fostering collaboration and convenience. The building's chic design creates a sophisticated and inspiring work environment. Located in the heart of downtown, the property benefits from convenient access to public parking lots and on-street parking. A significant advantage is the inclusion of all utilities in the monthly rental rate, which also covers private Wi-Fi internet for each office. Monthly rent ranges from $1,418 to $1,620. The Creative Touch Boutique occupies the first two floors, adding to the building's unique character and downtown appeal. This is an exceptional opportunity to secure prime office space in a thriving urban setting.
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.