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For Sale:  Alexandria MLS# 6746668

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Active
$995,000
/mo Edit
Commercial:  Apartments
Built 1948
2.04 acres
Alexandria schools
MLS# 6746668
763-576-8286
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    Property Description

    Commercial 30-Unit Apartment Building for Sale on Lake Winona, Alexandria, MN Seize this rare opportunity to own a 30-unit apartment building situated on the shores of Lake Winona in the heart of Alexandria, MN. This commercial property offers lakefront views and endless potential for real estate investors looking to build equity through strategic improvements or a bold redevelopment. Property Highlights: Unbeatable Location: Nestled in-town with direct access to Lake Winona, offering stunning water views and a serene setting that tenants will love. 30 Units with Growth Potential: Increase occupancy and revenue through targeted upgrades or reimagine the property entirely with a new development to maximize its value. Investor’s Dream: Perfect for those ready to invest sweat equity into a property with immense upside. Whether you renovate the existing structure or start fresh, this lakefront gem is brimming with possibilities. Prime Redevelopment Opportunity: The expansive lot and prime location make this property ideal for a visionary redevelopment project, capitalizing on Alexandria’s growing demand for modern housing. Central Accessibility: Located in the heart of Alexandria, close to local amenities, shopping, dining, and recreational activities, making it highly desirable for tenants. Why Invest Here? This Lake Winona property is a rare find, combining a sought-after in-town location with the natural beauty of lakefront living. With the potential to boost occupancy, modernize units, or redevelop the site, this is an unparalleled opportunity to create significant equity in a thriving market. Alexandria’s vibrant community and growing economy make this an ideal investment for those looking to capitalize on a property with both immediate cash flow potential and long-term development prospects. Contact us today to schedule a viewing or request more details!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $995,000
    Property Type: Commercial
    City: Alexandria
    Garage Spaces: 1
    County: Douglas
    Year Built: 1948
    State: MN
    Property Style: Apartments
    Zip Code: 56308
    Subdivision Name: Aud Sub Pt Glots 3 & 4

    Exterior

    Stories: One
    Garage Spaces: 1
    Other Parking Spaces: 30
    Air Conditioning: Wall Unit(s)
    Foundation Size: 9,960 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Baseboard
    Parking Features:
    • Parking Lot
    • Paved
    Road Frontage: City Street
    Exterior Material: Wood Siding
    Roof Details: Asphalt

    Lake & Waterfront

    Waterfront Present: Y
    Waterfront Name: Winona
    DNR Lake ID#: 21008100
    WF Frontage: 490
    Lake Chain Name: N
    Lake Acres: 213
    Lake Depth: 9
    Waterfront: Lake Front

    Lot & Land

    Acres: 2.04
    Geolocation: 45.891769, -95.385027
    Inclusions: Building, Land, Leases
    Lot Dimensions: 410 x 206 x 176 x 490 x 29 x 48
    Addl Parcels: 630136000
    Zoning: Residential-Multi-Family

    Schools

    School District: 206
    District Phone: 320-762-2141

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $10,538
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $10,538

    Units

    Total Units: 30

    Miscellaneous

    Current Use: Commercial
    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: None
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by RMLS, courtesy of ConnCrete Realty Solutions.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.