415 Fillmore StAlexandria, MN 56308

Property Details for 415 Fillmore St

Year built

1984

Property size (Sq ft)

2,789 SF

Property type

Office properties

Property subtype

Other office properties

APN

63-0917-500

APU

630917500

Description

This exceptional commercial property located at 415 Fillmore Street in the heart of Alexandria, Minnesota, presents a unique investment opportunity. Boasting a generous 4,389 square feet of versatile space spread across multiple levels, this building offers endless possibilities for a variety of businesses. The expansive interior provides ample room for customization and creative design, allowing for the development of a truly unique commercial space. A significant advantage is the inclusion of a convenient parking lot with 17 spaces, ensuring ample parking for customers and employees. The property also features a 10-foot garage door, adding to its functionality and potential uses. Its prime location on Fillmore Street guarantees excellent visibility and accessibility, ensuring high foot traffic and exposure for your business. The 0.23-acre lot provides ample space for outdoor activities or expansion. Priced at $450,000, this property represents a compelling investment in a thriving downtown location. The flexible layout and substantial square footage make this an ideal space for a wide range of commercial ventures. Don't miss this chance to acquire a prominent commercial property in a desirable location. Schedule a viewing today to explore the potential of this remarkable space.

• CAP approach

  CAP return

  Valuation

  6%

  $512,772

  6.5%

  $473,328

  7%

  $439,519

• Comparable approach

  Method

  Valuation

  Relative Method

  $142,351

  Geo Method

  $142,351

• Alternative Use

  Use

  Valuation

  Residential

  $586,927

  Hospitality

  $537,622

  Educational

  $447,295

  Medical

  $462,678

  Retail

  $695,792

Location Insight

City

Alexandria

County

Douglas

State

Minnesota

Latitude

45.8876

Longitude

-95.3789

CBSA code

10820

CBSA name

ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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