2311 S Broadway Street

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2311 S Broadway Street

Alexandria, MN 56308
Asking Price
$1.10M
Asset Type
Special-purpose
Class
Class B

AI Property Summary

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

  • Located at 2311 S Broadway Street in Alexandria, Minnesota
  • This special-purpose asset is currently available for purchase
  • The asking price for the property is 1,100,000 dollars
  • Strategically positioned within a primary commercial corridor of Douglas County
  • Flexible facility layout suitable for a variety of operational uses

What's Special

Alexandria serves as a central hub in Douglas County, characterized by a steady regional economy and a significant concentration of lakes that support a robust tourism and seasonal workforce. Positioned along South Broadway Street, this special-purpose property benefits from the accessibility provided by the city's primary commercial corridor. The surrounding area features a mix of local retailers and service providers that cater to both the permanent population and visitors drawn to the region. This site presents a functional physical space adaptable for diverse professional or operational needs. Given the flexible layout typical of special-purpose assets, potential buyers may consider uses ranging from specialized service centers to institutional or private facility operations. The location provides connectivity to major regional transit routes, facilitating access for employees and clients throughout the greater Alexandria area. This offering represents a strategic acquisition for those seeking a standalone footprint in a stable Minnesota market.

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NOI
$80,000
Cap Rate
7.27%
DSCR
1.22
Tight
Cash-on-Cash
4.45%
Monthly Payment
$5,442.2
Annual Cash Flow
$14,693.602

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