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    OFF-MARKET
    Retail space

    504 Broadway St, Alexandria, MN 56308-4500

    9,827 SF 0.25 ac lot Built 2022
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US46-1151029
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2022
    Total area 9,827 SF
    Lot 0.25 ac (10,890 SF)
    APN 63-0943-000
    UPID US46-1151029
    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
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Ctb Building LLC · 4 yrs held
    Ctb Building LLC
    since 2022
    Last sale
    $265,000
    2 recorded transactions
    2022
    2022
    $265,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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