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316 N Nokomis Street Alexandria, MN $ 425,000
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$ 425,000 Get more info
316 N Nokomis Street
$ 425,000
Back to search
Share Save

316 N Nokomis Street

Alexandria, MN, 56308
$ 425,000
Bedrooms-- Baths6.0 Sq 2,387

Monthly Estimate*

$ 2,935

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Commercial Property for sale in Alexandria, MN

for $425,000 with 6 full baths. This 2,387 square foot building was built in 1956 on a lot size of 0.185.

Calling all investors. This is a one in a lifetime opportunity to get a turnkey investment. This investment portfolio comes with a full house of tenants, completely remodeled, turnkey. It is essentially maintenance free. This is a rare find, and a true gem. It is set up to be hands-free and be a great investment. The front office suite is a financial company. They pay their own utilities and have their own space. The second suite is office suites with three suites, and a potential fourth suite, two bathrooms and a common corridor. The beauty of this investment is, it is main level, no steps and has great parking. When you’re talking about building your investment portfolio, adding to it or starting your investment this is truly an investment you want to consider.

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Commercial Active

Price

$ 425,000

Full Bath

6

Property Type

Commercial

Taxes

$ 6,672

Style

Lot Size

0.185

Year Built

1956

Town/City

Alexandria

County/Region

Douglas

MLS | Web ID

7072947
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Separate Heating Separate
Roof Age Over 8 Years Flat
Appliances Electric Water Heater
Garage Spaces 0
Construction Materials Concrete Frame
Year Built 1956
Tenant Pays All Utilities Gas Heat Hot Water Janitorial Service Maintenance Security
Topography Level
Levels One
Tax Year 2026
Current Use Professional/Office Beauty/Barber Shop Commercial Office Professional Service
Gross Income 45480
Accessibility Doors 36 + Grab Bars In Bathroom No Stairs External No Stairs Internal Partially Wheelchair
County Douglas
Insurance Expense 1541.55
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Lakeside Add
Possible Use Office Other Professional Service Income
Directions From Downtown. Go East on Third Ave E. Turn Left on N Nokomis St. The property will be on your right.
City Alexandria
High School District Alexandria
Zoning Description Business/Commercial
Number Of Units Total 4
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 6672
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit In-Ground Sprinkler
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Interior
Basement None
Basement (Y/N) N
Total Bedrooms 0
Total Baths 6
Ceiling Height 8-10
Foundation Dimensions 35x68x35x68
Fuel Natural Gas
Garage Square Feet 0
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Exterior
Parking Features Asphalt Guest Parking Parking Lot Paved Lot
Lot Features Tree Coverage - Light
Water Source City Water/Connected
Inclusions Building Leases
Lot Size Area 0.185
Building Area Total 2387
Lot Dimensions 60x135x60x135
Waterfront Y/N N
Foundation Area 2387
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 316
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* Excluded Features
List By
Real Estate By Jo, Llc

Broker

countonjo@gmail.com

Email

Affordability Calculator

$3,491
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,935
Monthly Property Taxes
$556
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
708299 Elementary School
709223 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/18/2026$425,000 Listed Price

Map

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316 N Nokomis Street, Alexandria, MN, 56308 is a Commercial Property for sale at $425,000 with 2,387 sqft and a lot size of 0.185. 316 N Nokomis Street has 6.0 baths and was built in 1956. The property's zip code is 56308 which is in Alexandria, MN

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