Lot 7 Northside Drive Ne

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Lot 7 Northside Drive Ne

Alexandria, MN 56308
Asking Price
$125K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel spanning 1.35 acres for development.
  • Property available for purchase at an asking price of $125,000.
  • Located at Lot 7 Northside Drive NE in Alexandria, Minnesota.
  • Positioned within a key regional submarket for commercial activity.
  • Asset type categorized as commercial land suitable for various uses.

What's Special

This commercial land offering in Alexandria presents a practical acquisition for investors or business owners seeking to establish a presence in this growing regional hub. Situated at Lot 7 Northside Drive NE, the 1.35-acre parcel provides sufficient space for a variety of development projects. Alexandria serves as a primary commercial center in West Central Minnesota, supported by a diverse local economy and steady traffic flow throughout the submarket. The site's dimensions and placement make it suitable for professional offices, service-based businesses, or retail development. With its strategic positioning within a recognized commercial corridor, the property allows for flexible site planning tailored to specific operational requirements. Proximity to regional infrastructure facilitates efficient access for employees and customers alike. This land presents a straightforward development play for those looking to capitalize on the established demand within the Minnesota market.

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NOI
$80,000
Cap Rate
64.00%
DSCR
10.78
Strong
Cash-on-Cash
193.54%
Monthly Payment
$618.432
Annual Cash Flow
$72,578.818

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