Property Description
A unique redevelopment opportunity with excellent visibility and potential! This property has operated as a 4-unit apartment building for many years with very little vacancy. The owners have vacated all tenants and completed the interior demolition in preparation for renovation, giving the next owner a blank slate to finish the project.The City of Alexandria has expressed interest in having this property become commercially zoned, offering potential for a variety of business uses. Complete the demolition and build your business here!City water has been stubbed to the property, with the assessment already paid. A private well with a newer pump currently serves the property. The large, beautiful yard features mature trees, excellent visibility and exposure along Hwy 29, and a scenic stream flowing through the property between Lakes Geneva and Le Homme Dieu.Bring your vision and make this highly visible property your next business or investment opportunity!All offers must include an As Is Addendum.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Block, Finished, Full
Heating: Baseboard, Forced Air
Lot Size: 1.01 Acres
Roof Type: Asphalt, Pitched, Unspecified Shingle
Taxes: $3,606
Year Built: 1954
Feature Descriptions
Days on Site: 3
Exterior: Frame
Foundation Size: 1528
Lot Dimensions: 167x262x168x263
Owners Expense: Electricity, Fuel, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
Parcel#: 636302460
Parking: Gravel, Paved Lot
Road Frontage: Highway
Sewer: City Sewer/Connected
Tenant Expenses: Broadband, Cable TV
Units: 4
Water: Drilled, Private, Well
Local Schools
School District: Alexandria
Listed By / Shown By
Listed By
Agency Name: Century 21 First Realty, Inc.
Agency Phone: 320-762-8070
Shown By
Agent Name: Edward Michaels, Wallace Realty Group
Agent Phone: (612) 429-3166
Agency Title: Counselor Realty
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Estimated Payment
$ 2,097.01 per month $1,703.17 Principal & Interest $300.50 Property Tax $93.33 Homeowner's InsuranceChange Payment Information
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1407 State Highway 29 N | MLS# 7067521
This multi-family property located at 1407 State Highway 29 N, Alexandria, MN 56308 is currently listed for sale with an asking price of $320,000. State Highway 29 N is located within the Alexandria school district. Search Alexandria real estate on emichaels.counselorrealty.com today.