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$425,000

0 Beds 6 Baths 2,387 SQFT 0.19 Acres
Type: Commercial

316 N Nokomis Street
Alexandria, MN 56308

MLS#: 7072947
Rajan "Raj" Bahl
Rajan "Raj" Bahl
The Real Estate Advantage
Phone: 651.357.4348
Office: 952.898.5800
Presented by: Real Estate by Jo, LLC

Property Description

 

Calling all investors. This is a one in a lifetime opportunity to get a turnkey investment. This investment portfolio comes with a full house of tenants, completely remodeled, turnkey. It is essentially maintenance free. This is a rare find, and a true gem. It is set up to be hands-free and be a great investment. The front office suite is a financial company. They pay their own utilities and have their own space. The second suite is office suites with three suites, and a potential fourth suite, two bathrooms and a common corridor. The beauty of this investment is, it is main level, no steps and has great parking. When you’re talking about building your investment portfolio, adding to it or starting your investment this is truly an investment you want to consider.


 

Interior Features

Bedrooms

Total Bedrooms0

Bathrooms

Total Baths6

Other Interior Features

BasementNone
Basement (Y/N)No
Ceiling Height8-10
Foundation Dimensions35x68x35x68
FuelNatural Gas
Garage Square Feet0

General

AccessibilityDoors 36 +, Grab Bars In Bathroom, No Stairs External, No Stairs Internal, Partially Wheelchair
Additional Parcels Y/NNo
Amenities UnitIn-Ground Sprinkler
AppliancesElectric Water Heater
CityAlexandria
Construction MaterialsConcrete, Frame
ContingencyNone
CoolingCentral Air
CountyDouglas
Current UseProfessional/Office, Beauty/Barber Shop, Commercial, Office, Professional Service
DirectionsFrom Downtown. Go East on Third Ave E. Turn Left on N Nokomis St. The property will be on your right.
Garage Spaces0
Gross Income45480
HeatingForced Air
High School DistrictAlexandria
Insurance Expense1541.55
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total4
OwnerPaysExterior Maintenance, Grounds Care, Insurance, Janitorial Service, Repairs, Pest Control, Snow Removal, Taxes, Trash Collection, Water
Possible UseOffice, Other, Professional Service, Income
PostalCityAlexandria
Property TypeCommercial Sale
RoofAge Over 8 Years, Flat
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameLakeside Add
Tax Annual Amount$6,672
Tax Year2026
Tenant PaysAll Utilities, Gas, Heat, Hot Water, Janitorial Service, Maintenance, Security
TopographyLevel
UtilitiesElectric Separate, Heating Separate
Year Built1956
Zoning DescriptionBusiness/Commercial

Exterior

Building Area Total2,387 sqft
Foundation Area2,387 sqft
InclusionsBuilding, Leases
Lot Dimensions60x135x60x135
Lot FeaturesTree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesAsphalt, Guest Parking, Parking Lot, Paved Lot
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
High School N/A
Middle School N/A

  

Similar Properties

$425,000

0 Beds 6 Baths 2,387 SQFT 0.19 Acres
Type: Commercial

316 N Nokomis Street
Alexandria, MN 56308

MLS#: 7072947
Rajan "Raj" Bahl
Rajan "Raj" Bahl
The Real Estate Advantage
Phone: 651.357.4348
Office: 952.898.5800