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Listed price in listed location currency (USD).
$1,100,000

000

MLS® 7017065

Overview

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage Yes
Maintenance Fees 
Taxes $4,236
Days Active 1
Approx. Age 1950
MLS® Number 7017065

Property Address: 312 Spruce St, Alexandria, MN, 56308-2063

Average square foot calculated using Size range provided by listing agent.

Description

For sale: 14 unit apartment building right off County Road 82 in the desirable, growing city of Alexandria. Large, nearly acre lot with over 130ft of frontage. Expand the building for more income potential or sit back and enjoy the cashflow. Most of the units have been updated with only 1 left to bring up to speed. Heated 24x30 garage currently rented, full basement on the Southeast wing for easy access to mechanicals and or storage for tools, appliances etc... Alexandria is the perfect spot to start or expand your portfolio. With lots of infrastructure and employment opportunities, the city continues to lead a strong demand for housing. Most of the units being studio apartments, you'll find these easy to rent out and maintain. Reach out to view financials and see the competitive cap rate this property is offered at.
MLS® Number7017065
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1950
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Building, Land, Leases

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 25, 2026List Date
$1,100,000List Price

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