3904 Cty Road 42 NE Alexandria, MN $ 565,000
3904 Cty Road 42 NE
$ 565,000
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3904 Cty Road 42 NE

Alexandria, MN, 56308
$ 565,000
Baths0.0 Sq 4,996

Monthly Estimate*

$ 3,755

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Studio

Commercial Property for sale in Alexandria, MN

for $565,000. This 4,996 square foot building was built in 1940 on a lot size of 1.15.

Attention Investors! Step right into your next investment with this property that can wear many hats. Right in the heart of lakes country sits this nicely managed and remodeled mixed use space. Looking to move your business or office, and make some nice rental money to boot? Here you go! Apartment 1 is a 3 bed 2 bath unit that rents for $1425, apartment 2 is a 2 bed 1 bath and currently rents for $1275, and apartment 3 is a 3 bed 1 bath and rent is $1475. The commercial space is currently owner-occupied, so there is even more income producing potential! Looking to move your business? This would be a great spot to move your boutique/coffee shop, a water equipment rental shop, an art gallery(current use), a professional office space or even a bait shop! Whether you're adding to your portfolio, or just starting your investment journey, the possibilities are plentiful, and this is a must see.

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Commercial Active

Price

$ 565,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,778

Style

Mixed Use

Lot Size

1.15

Year Built

1940

Town/City

Alexandria

County/Region

Douglas

MLS | Web ID

6540458

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Common Heating Common Hot Water Common
Roof Age Over 8 Years Age 8 Years or Less Flat Metal
Appliances Dishwasher Dryer Exhaust Fan Range Refrigerator Washer
Garage Spaces 0
Construction Materials Wood Siding
Year Built 1940
Tenant Pays None
Property SubType Mixed Use
Tax Year 2024
Current Use Commercial Office Residential
Gross Income 50000
Accessibility None
County Douglas
Insurance Expense 3800
Property Type Commercial Sale
Association Amenities Coin-op Laundry Owned
Contingency None
Subdivision Name Carlos Div Of East Add To Thr
Possible Use Office Professional Service Retail Diversified Bar/Tavern
Directions From Alexandria head north on Broadway turn right onto 3rd Ave E turn left onto N Nokomis St then turn left onto County Rd 42 NE then turn right onto County Rd 42 NE and the destination is will be on
City Alexandria
Buyer Agent Compensation 2.50
High School District Alexandria
Zoning Description Business/Commercial
NumberOfUnitsTotal 5
Lot Size Units Acres
Street Name Cty Road 42
Land Lease Y/N N
Tax Annual Amount 5778
Additional Parcels Y/N N
Days on Market 18
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Block Unfinished
Basement (Y/N) Y
Foundation Dimensions irrregular
Fuel Natural Gas
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Exterior
Parking Features Gravel
Lot Features Cleared Tree Coverage - Light
Water Source Well
Inclusions Building Land
Lot Size Area 1.15
Building Area Total 4996
Lot Dimensions irregular
Foundation Area 4996
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 3904
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* Excluded Features
List By
Real Estate By Jo, Llc

Broker

countonjo@gmail.com

Email

Affordability Calculator

$4,237
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,755
Monthly Property Taxes
$482
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
708299 Elementary School
709223 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/23/2024$565,000 Listed Price

Map


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3904 Cty Road 42 NE, Alexandria, MN, 56308 is a Commercial Property for sale at $565,000 with 4,996 sqft and a lot size of 1.15. 3904 Cty Road 42 NE is a studio with 0.0 baths and was built in 1940. The property's zip code is 56308 which is in Alexandria, MN