220 104 & 108Alexandria, MN 56308

Property Details for 220 104 & 108

Year built

2007

Lot size

1.60 AC

Property size (Sq ft)

6,495 SF

Property type

Office properties

Description

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.

Location Insight

City

Alexandria

County

Douglas

State

Minnesota

Latitude

45.8667

Longitude

-95.3758

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