8231 State Highway 114 SW Alexandria, MN ^$ 5,400,000

8231 State Highway 114 SW

^$ 5,400,000

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8231 State Highway 114 SW

Alexandria, MN, 56308

^$ 5,400,000

Studio Baths0.0 Sq 1

Monthly Estimate*

^$ 37,721

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Studio

Commercial Property for sale in Alexandria, MN

for $5,400,000. This 1 square foot building was built in 1950 on a lot size of 32.

Situated on beautiful Lake Mary in the popular Alexandria Lakes Area, Big Foot Resort is your opportunity for a lifestyle change & an excellent business investment. This well run operation has 1100 feet of lakeshore & 32 acres. The current owners have reinvested in the property by adding more RV sites in 2023, & in 2021 added a $125,000 dock system that has approximately 70 boat slips. Guest amenities include a private boat launch, 18 hole miniature golf, laundry/shower house, TWO swimming pools, meeting room & new playground. The 11 cabins range in size from 2-5 bedrooms & have TV, A/C & full kitchens. The 125 RV/camping sites are both seasonal & nightly rentals with full hookup. Every site has sewer, water & 100-amp service with 50/30/20 amp plugs. Additional acres provide opportunity for future expansion. All resort & marine equipment needed to operate the business is included. The 3600 sq ft owner's home is on site & has 7 bdrms, 3 baths & a triple detached garage. What a luxury!

Commercial Active

Price

^$ 5,400,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 25,074

Style

Lot Size

Year Built

1950

Town/City

Alexandria

County/Region

Douglas

MLS | Web ID

6391494

Features

General

Sewer City Sewer/Connected City Sewer - In Street

Heating Ductless Mini-Split Forced Air Other

Utilities Electric Common Hot Water Separate

Garage Spaces 6

Construction Materials Fiber Cement Fiber Board Wood Siding

Year Built 1950

View East South

Tax Year 2023

Current Use Commercial Resort

Waterfront Features Lake Front

Accessibility Other

Additional Parcels Description 300427600 300426000

County Douglas

Property Type Commercial Sale

Contingency None

Subdivision Name View Of Lake Mary

Directions South of Alexandria on MN-29S 0.8 miles southwest on Cty Rd 28 2.7 miles west on Cty Rd 4 4.4 miles north on MN 114 1.2 miles on the right.

City Alexandria

Buyer Agent Compensation 1.25

Body of Water Mary

High School District Alexandria

Zoning Description Business/Commercial

Total Units 11

Waterfront Y/N Y

Street Name State Highway 114

Land Lease Y/N N

Tax Annual Amount 25074

Additional Parcels Y/N Y

Virtual Tour https://player.vimeo.com/video/846141840?h=be4651fb13

Days on Market 63

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Gravel Gravel

Water Source Drilled

Inclusions Building Business Assets Business Fixture/Equipment Land

Lot Size Area 32

Building Area Total 1

Lot Dimensions 1208 988 410 435 801

Lot Size Units Acres

Foundation Area 1

Interior

Basement (Y/N) N

Foundation Dimensions 1x1

Fuel Electric Propane

Garage Dimensions 32x28

Garage Square Feet 1832

Lake Acres 2450

Waterfront Feet 1100

Internal Only

Street Number 1 8231

* Excluded Features

List By

Lake Country Resort Sales, Inc.

Broker

Tim@LakeCountryResortSales.com

Affordability Calculator

$39,810

Per Month

Monthly Principal & Interest: $37,721
Monthly Property Taxes: $2,090
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Alexandria, MN

Average List Price ^$434,060

Percent of Sale Price 92%

About Alexandria, MN

13,951 Population

15% Since 2002

^$50,747 Median Income

39.32 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708299 Elementary School

709223 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/10/2023	$5,400,000		Listed Price

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8231 State Highway 114 SW, Alexandria, MN, 56308 is a Commercial Property for sale at $5,400,000 with 1 sqft and a lot size of 32. 8231 State Highway 114 SW is a studio with 0.0 baths and was built in 1950. The property's zip code is 56308 which is in Alexandria, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/28/2024.

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8231 State Highway 114 SW

Commercial Property for sale in Alexandria, MN

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