3181 Evergreen LnAlexandria, MN 56308

Property Details for 3181 Evergreen Ln

Year built

2008

Lot size

12.61 AC

Property size (Sq ft)

10,674 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

63-3510-500

APU

633510500

Description

This 6,600 sq ft warehouse, ideally situated just off I-94 and Hwy 27 near Alexandria, offers exceptional visibility and access to a large customer base. Located at a busy truck stop, this single-tenant property boasts a prime location for businesses seeking high traffic exposure. The warehouse features convenient front and rear access doors, a restroom, ample signage opportunities, and impressive 18+ foot ceiling heights. A 10-foot overhead door ensures easy loading and unloading of goods. The monthly rent is $0.775 per square foot, or $9.30 per square foot annually. Tenants are responsible for heat and electricity; all other costs are included in the gross lease. This property presents a unique opportunity to establish a thriving business in a high-demand location. A 3D virtual tour is available for prospective tenants. The dimensions of the space are 55 feet by 120 feet. Don't miss this chance to secure a prominent position in a busy commercial corridor. The property is located in Douglas County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,884,831

  6.5%

  $2,662,921

  7%

  $2,472,712

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,372,898

  Geo Method

  $1,372,898

• Alternative Use

  Use

  Valuation

  Residential

  $2,246,274

  Hospitality

  $2,057,574

  Educational

  $1,711,878

  Medical

  $1,770,752

  Retail

  $2,662,921

Location Insight

City

Alexandria

County

Douglas

State

Minnesota

Latitude

45.8612

Longitude

-95.4223

CBSA code

10820

CBSA name

ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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