Lot 2 Northside Drive Ne

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Lot 2 Northside Drive Ne

Alexandria, MN 56308
Asking Price
$139K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel measuring 0.75 acres for sale
  • Located on Northside Drive NE in Alexandria Minnesota
  • Priced at 138900 dollars for the vacant lot
  • Situated in a key commercial and regional hub
  • Suitable for various professional or commercial development projects

What's Special

Alexandria serves as a prominent hub for commerce in West Central Minnesota, supported by strong tourism and manufacturing sectors that drive the local economy. This 0.75-acre commercial land parcel on Northside Drive NE provides an accessible location within a growing market. The site features a flat, buildable landscape suitable for various professional uses. Proximity to regional transportation corridors enhances the utility of this parcel for business owners or investors seeking a presence in this active municipality. With consistent development activity across Alexandria, this property is positioned to serve local demand for commercial space. Potential development options for this site include professional offices, specialized service centers, or retail showrooms depending on municipal zoning requirements and site plan approvals. The strategic placement of this lot offers flexibility for those looking to establish or expand operations in a stable, regional business environment.

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NOI
$80,000
Cap Rate
57.60%
DSCR
9.70
Strong
Cash-on-Cash
172.19%
Monthly Payment
$687.201
Annual Cash Flow
$71,753.583

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