Lot 1 Northside Dr Ne

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Lot 1 Northside Dr Ne

Alexandria, MN 56308
Asking Price
$145K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel available for acquisition in Alexandria
  • Lot size spans 0.75 acres on Northside Dr NE
  • Asset offered at an asking price of $145,000
  • Suitable location for diverse commercial or professional development
  • Situated within a steady and growing regional Minnesota market

What's Special

Priced at $145,000, this 0.75-acre commercial land parcel sits on Northside Dr NE in Alexandria, Minnesota. The site provides a strategic footprint for developers looking to establish a presence within this growing regional hub. Alexandria maintains a steady local economy supported by diverse industry sectors and a consistent population base that values accessible service providers. The terrain is well-positioned for various commercial development initiatives, including professional offices, retail storefronts, or specialized service centers. Investors and business owners can leverage this location to capture traffic moving through the area while benefiting from the municipality's ongoing commercial growth. Given the versatility of the acreage, this site serves as a practical option for those seeking a development-ready lot in a established submarket.

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NOI
$80,000
Cap Rate
55.17%
DSCR
9.29
Strong
Cash-on-Cash
164.12%
Monthly Payment
$717.381
Annual Cash Flow
$71,391.429

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