209 Nokomis StAlexandria, MN 56308

Property Details for 209 Nokomis St

Year built

1997

Lot size

0.17 AC

Property size (Sq ft)

4,132 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

63-0609-000

APU

630609000

Description

This exceptional Alexandria, MN property offers a unique investment opportunity encompassing 3.76 acres of land and two existing buildings. The main focus is a 5,518-square-foot retail building, formerly a Burger King and convenience store, currently vacant and available for lease or redevelopment. A second building, a 9,000-square-foot retail space occupied by TireMaxx, presents additional possibilities. An adjacent half-acre lot provides further development potential, suitable for ground lease or sale. The entire portfolio presents significant redevelopment potential, allowing for a complete site overhaul or selective building repurposing. A sale-leaseback option with TireMaxx is available, but not a requirement for the sale of the entire portfolio. This flexible offering caters to various investment strategies, from straightforward leasing to large-scale redevelopment projects. The property's location at 209 Nokomis St, Alexandria, MN 56308, offers high visibility and accessibility. The site's versatility makes it ideal for a range of retail, restaurant, or other commercial uses. Consider the potential for a mixed-use development, capitalizing on the high-traffic location and ample space. This is a rare chance to acquire a substantial commercial property with multiple development paths in a thriving Minnesota market.

Location Insight

City

Alexandria

County

Douglas

State

Minnesota

Latitude

45.89

Longitude

-95.366

CBSA code

10820

CBSA name

ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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