206 N Nokomis Street

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206 N Nokomis Street

Alexandria, MN 56308
Asking Price
$275K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel located in Alexandria, Minnesota.
  • Property is listed for sale at 275,000 dollars.
  • Site positioned at 206 N Nokomis Street.
  • Zoned for versatile commercial business development projects.
  • Located within an active regional central Minnesota market.

What's Special

This commercial land parcel sits at 206 N Nokomis Street in Alexandria, Minnesota. Located within the heart of a region known for its chain of lakes and steady recreational tourism, the site serves as a versatile acquisition for investors or developers seeking to establish a foothold in this active central Minnesota market. Alexandria functions as a primary economic hub for Douglas County, supported by a mix of local manufacturing, healthcare, and retail sectors. The property offers substantial potential for a variety of commercial developments ranging from professional office space to specialized retail storefronts. Its central position allows for convenient access to regional thoroughfares and municipal amenities that serve the surrounding residential population. Prospective buyers can leverage the site's visibility and accessibility to create a functional business environment tailored to the specific needs of the local community.

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NOI
$80,000
Cap Rate
29.09%
DSCR
4.90
Strong
Cash-on-Cash
77.18%
Monthly Payment
$1,360.55
Annual Cash Flow
$63,673.401

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