515 22nd E Ave Alexandria, MN 56308-4652
This exceptional 10,253-square-foot Class A medical office building is situated in Alexandria, Minnesota's thriving medical district at 515 22nd Avenue E. Originally constructed in 2009 as a Veterans Affairs Clinic, this meticulously maintained property offers a turnkey solution for medical professionals. The building boasts 23 exam rooms, providing ample space for a variety of medical specialties. Five bathrooms ensure convenience for both patients and staff. Extensive administrative office space is also included, allowing for efficient workflow and management. The property sits on a 0.9-acre lot and includes a substantial parking area with 42 stalls. Scheduled for completion in the summer of 2024, the parking lot will undergo a comprehensive resurfacing and restriping project, further enhancing the property's appeal. Priced at $2,495,000, this offering represents a significant value compared to the cost of new construction. This ready-to-occupy facility presents an unparalleled opportunity for a new clinic, senior care center, or similar medical practice seeking a prestigious and functional space in a prime location. The building's history as a VA clinic speaks to its high-quality construction and design.
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
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Property description
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Risks
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