For Sale
$945,000

220 104 & 108 Alexandria, MN 56308

Five-unit office building, strong tenant base.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a five-unit executive office building located at 220 22nd Ave E, Alexandria, MN 56308. The property, built in 2007, boasts a total of 6,495 square feet situated on a 1.598-acre lot. Currently housing four long-term tenants, this multi-tenant building offers excellent returns and low maintenance. The asking price is $945,000, translating to $145 per square foot. The property features a permitted Business/Commercial zoning (APN: 633048105). Recent improvements include a completely redone parking lot in 2020 and a new roof installed in 2021. The building is in excellent condition and offers easy access and high visibility. This is a turnkey investment opportunity with a strong tenant base and significant potential for future growth. The property includes units #101, 102, 103, 104, and 108. The seller retains a majority share and control of the CAM (Common Area Maintenance). This is an ideal addition to any investment portfolio seeking stable income and long-term value. Serious inquiries only.

Highlights

  • $945,000 asking price for this multi-tenant office building.
  • 6,495 square feet on a 1.598-acre lot in Alexandria, MN.
  • Five units, with long-term tenants in place.
  • $145 per square foot.
  • 2007 construction with recent roof (2021) and parking lot (2020) improvements.

Property Details for 220 104 & 108

Property type
Office properties
Square Feet
6,495 SF
Year Built
2007
Lot Size (sq. ft)
69,609 SF
Units
5

Location Insight

City
Alexandria
County
Douglas
State
Minnesota
Latitude
45.8666599
Longitude
-95.3758105

FAQs

What type of property is this?
Office property - Five-unit office building, strong tenant base.
Where is the office property located?
The property is located at 220 104 & 108 Alexandria, MN.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: $945,000 asking price for this multi-tenant office building.; 6,495 square feet on a 1.598-acre lot in Alexandria, MN.; Five units, with long-term tenants in place.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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220 104 & 108
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