Lot-5 Northside Dr NE

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Lot-5 Northside Dr NE

Alexandria, MN 56308
Asking Price
$140K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel available for $140,000 asking price.
  • Property encompasses a total area of 0.75 acres.
  • Site is located on Northside Drive NE in Alexandria.
  • Well-suited for retail or professional service business development.
  • Regional market benefits from consistent area economic growth.

What's Special

Priced at $140,000, this 0.75-acre commercial land parcel sits on Northside Drive NE in Alexandria, Minnesota. The site provides a strategic footprint for developers or businesses looking to establish a presence within this growing regional hub. Alexandria serves as a central commercial and recreational destination for the surrounding lakes area, supported by a consistent influx of seasonal and year-round residents. The property is well-positioned for various commercial applications, including professional office space, specialized retail, or service-based enterprises that benefit from accessibility in a developing submarket. Its layout allows for flexible site planning, accommodating projects that require efficient utility integration and functional frontage. Given the steady demand for accessible commercial sites in the region, this lot represents a pragmatic acquisition for those seeking to capitalize on the local economic stability of Douglas County. Investors and owner-occupiers will find the location conducive to long-term site viability.

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NOI
$80,000
Cap Rate
57.14%
DSCR
9.62
Strong
Cash-on-Cash
170.69%
Monthly Payment
$692.644
Annual Cash Flow
$71,688.277

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