507 Nokomis StAlexandria, MN 56308

Property Details for 507 Nokomis St

Year built

1999

Lot size

3.00 AC

Property size (Sq ft)

7,957 SF

Property type

Office properties

Property subtype

Other office properties

APN

63-0453-000

APU

630453000

Description

This exceptional 1,312 square foot medical office suite is located in a well-maintained building at 507 N Nokomis Street, Alexandria, Minnesota, 56308. Situated on a 3-acre lot, this main-level corner suite offers a highly desirable location within a thriving commercial area. The building, constructed in 1999, boasts ample driveway parking. The suite itself is ideally configured for medical use, having previously served as a dental clinic. It features a welcoming reception area, multiple private offices, a convenient break room, and ample storage space. The layout is easily adaptable for various medical practices or could be converted for general office use. This versatile space presents a fantastic opportunity for businesses seeking a move-in ready solution. The property is zoned for Business/Commercial use (APN: 630453000) and is located in Douglas County. The total building size is 15,914 square feet, with 1,312 square feet currently available for lease. Heat and electricity are included in the rental price. This is a multi-tenant building. Don't miss this chance to secure a prime location for your business in Alexandria.

• CAP approach

  CAP return

  Valuation

  6%

  $1,462,936

  6.5%

  $1,350,402

  7%

  $1,253,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $406,125

  Geo Method

  $406,125

• Alternative Use

  Use

  Valuation

  Residential

  $1,674,499

  Hospitality

  $1,533,832

  Educational

  $1,276,130

  Medical

  $1,320,018

  Retail

  $1,985,091

Location Insight

City

Alexandria

County

Douglas

State

Minnesota

Latitude

45.8962

Longitude

-95.367

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].