510 22Nd AveAlexandria, MN 56308

Property Details for 510 22Nd Ave

Year built

2001

Lot size

0.04 AC

Property size (Sq ft)

2,022 SF

Property type

Office properties

APN

63-2966-500

APU

632966500

Description

This exceptional 1,935 square foot office space in Alexandria, Minnesota, presents a fantastic opportunity for businesses seeking a well-maintained and conveniently located property. Situated within a vibrant business complex overlooking a tranquil wildlife pond, this end unit offers unparalleled convenience and a serene atmosphere. The property boasts two separate entrances, providing flexibility and privacy, and is flooded with abundant natural light. Recently refreshed with fresh paint and cleaning, this space is truly move-in ready. The layout includes multiple private treatment rooms, ideal for medical or therapeutic practices, along with changing rooms and an x-ray suite – a legacy from its previous use as a chiropractic office. The existing wall between the two units can be easily removed to create a larger, open space, or a door can be added to maintain separation. The building exterior has also received recent upgrades, including new shingles and brickwork completed in June 2023, ensuring long-term value and curb appeal. The property sits on a 0.09-acre lot and offers ample parking for staff and clients. Common area maintenance (CAM) fees are $1.85 per square foot. This is a rare opportunity to acquire a turnkey office space in a desirable location. Don't miss out on this exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $371,755

  6.5%

  $343,159

  7%

  $318,647

• Comparable approach

  Method

  Valuation

  Relative Method

  $103,203

  Geo Method

  $103,203

• Alternative Use

  Use

  Valuation

  Residential Income

  $425,517

  Hospitality / Lodging

  $389,771

  Institutional / Educational

  $324,285

  Healthcare / Senior Housing

  $335,438

  Retail / Commercial

  $504,443

Location Insight

City

Alexandria

County

Douglas

State

Minnesota

Latitude

45.8663

Longitude

-95.3717

CBSA code

10820

CBSA name

ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].