Technical
Financial
Distress signals
Property profile

524 Willow Dr Alexandria, MN 56308

OFF-MARKET
Office Spaces
Property ID
US46-1186845
6,571 SF 1.48 ac lot Built 1982
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 524 Willow Drive in Alexandria, Minnesota, presents a unique investment opportunity. The property consists of two single-story buildings totaling 6,570 square feet, situated on a spacious 1.48-acre lot. Built in 1982 and extensively renovated in 2024, the buildings boast a 9-foot ceiling height and offer ample parking with 24 spaces. The property's zoning is CPU - Commercial, and its APN is 632856000. The property is currently configured as a single-tenant space, ideal for a variety of uses, including traditional office space or medical office space. The layout includes 12 rooms and 5 bathrooms, making it particularly well-suited for a care facility, daycare center, or similar operation. The property features a partially fenced yard and a large garage, adding to its functionality and appeal. The property taxes are $1.08 per square foot. This prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a well-maintained and versatile space in a desirable area. The property's recent renovation ensures modern amenities and functionality, while its substantial size and ample parking provide flexibility for a range of potential tenants. This is a rare opportunity to acquire a well-positioned commercial property in Alexandria, Minnesota.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1982
Total area 6,571 SF
Lot 1.48 ac (64,469 SF)
APN 63-2856-000
UPID US46-1186845

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

524 Willow Dr Alexandria, MN 56308-1333
Alexandria metro Census 450702 ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2022
5 recorded transactions
2023
Price N/A
2022
Price N/A
2018
Price N/A
2018
$55,000
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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