$320,000
Alexandria, MN 56308
MLS# 7067521
9 beds | 4 baths | 5304 sqft
1 / 38
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.
Details
Maps
Documents
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: None
Current Price: $320,000
Original List Price: 320000
ListPrice: 320000
List Date: 2026-09-14
Office/Member Info
Association: GAAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1954
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 167x262x168x263
Acres: 1.01
Main Floor Total SqFt: 1800
Below Grd Total SqFt: 1528
Above Ground SqFt: 3776
Total SqFt: 5304
Total Finished Sqft: 5304.00
Foundation Size: 1528
Style: (MF) Four Plex
Garage Stalls: 0
Assessment Pending: No
Bedrooms: 9
Baths Total: 4
Location, Tax and Other Information
Legal Description: .85 Acres of the W 1/2 of the SE 1/4 Sect 8 Twp 128 R 37 and the adjoining parcel Lot 9 Block 0 Petersons Hwy Park 1.01 Ac
Listing City: Alexandria
Map Page: 999
Municipality: Alexandria
School District: Alexandria
School District Phone: 320-762-2141
Zip Plus 4: 3494
Property ID Number: 636302460
Tax Year: 2026
Tax Amount: 3606
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 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.
Directions: From Alexandria, State Hwy 29 N to left on Northside Drive to home on right.
Accessible
None: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 3650
Basement
Concrete Block: 1
Full: 1
Building Information
Finished SqFt Above Ground: 3776
Finished SqFt Below Ground: 1528
Construction Materials
Frame: 1
Construction Status
Previously Owned: 1
Electric
Circuit Breakers: 1
Exterior
Vinyl: 1
Wood: 1
Foundation
Concrete Block: 1
Fuel
Electric: 1
Natural Gas: 1
Heating
Baseboard: 1
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Owner Pays
Electricity: 1
Fuel: 1
Insurance: 1
Lawn: 1
Maintenance/Repair: 1
Snow Removal: 1
Taxes: 1
Trash Collection: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Gravel Lot: 1
Paved Lot: 1
Pool Description
None: 1
Public Survey Info
Range#: 37
Section#: 8
Township#: 128
Rental License Type
Standard: 1
Road Frontage
Highway: 1
Road Responsibility
Public Maintained Road: 1
Roof
Asphalt Shingles: 1
Pitched: 1
Unspecified Shingle: 1
Sellers Terms
Cash: 1
Conventional: 1
Conventional Rehab: 1
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Unit 1
Furnished?: No
Leased?: Yes
Unit Number: 1
Total Rooms: 4
3/4 Baths: 1
Finished SqFt: 864
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Unit Details
Total Units: 4
Water
Drilled: 1
Private: 1
Well: 1
Income and Expenses
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0
No. of Ranges
Four: 1
No. of Refrigerators
Four: 1
Tenant Pays
Broadband: 1
Cable TV: 1
Unit 1 Appliances
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Water Softener-Owned: 1
Unit 1 Bath Description
Main Floor 3/4 Bath: 1
Unit 1 Cooling
Window: 1
Unit 1 Dining Room Description
Eat In Kitchen: 1
Unit 1 Special Search
Main Floor Laundry: 1
Unit 2
Furnished?: No
Leased?: No
Unit Number: 2
Annual Rent: 10200
Finished SqFt: 1456
Full Baths: 1
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Unit 2 Appliances
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 2 Bath Description
Main Floor Full Bath: 1
Unit 2 Cooling
Central: 1
Unit 3
Furnished?: No
Leased?: Yes
Unit Number: 3
Finished SqFt: 1456
Full Baths: 1
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 6
Unit 3 Appliances
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 3 Cooling
Central: 1
Unit 4
Furnished?: No
Leased?: No
Unit Number: 4
Finished SqFt: 1456
Full Baths: 1
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 7
Unit 4 Appliances
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 4 Cooling
Central: 1
Unit 4 Dining Room Description
Eat In Kitchen: 1
Location Tax and Other Information
House Number: 1407
Street Name: State Highway 29
Street Direction Suffix: N
Postal City: Alexandria
County: Douglas
State: MN
Zip Code: 56308
Property Features
Accessible: None
Basement: Concrete Block; Full
Construction Materials: Frame
Construction Status: Previously Owned
Electric: Circuit Breakers
Exterior: Vinyl; Wood
Foundation: Concrete Block
Fuel: Electric; Natural Gas
Heating: Baseboard; Forced Air
Owner Pays: Electricity; Fuel; Insurance; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection
Parking Characteristics: Gravel Lot; Paved Lot
Pool Description: None
Rental License Type: Standard
Road Frontage: Highway
Road Responsibility: Public Maintained Road
Roof: Asphalt Shingles; Pitched; Unspecified Shingle
Sellers Terms: Cash; Conventional; Conventional Rehab
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Broadband; Cable TV
Unit 1 Appliances: Dryer; Microwave; Range; Refrigerator; Washer; Water Softener-Owned
Unit 1 Bath Description: Main Floor 3/4 Bath
Unit 1 Cooling: Window
Unit 1 Dining Room Description: Eat In Kitchen
Unit 1 Special Search: Main Floor Laundry
Unit 2 Appliances: Dryer; Microwave; Range; Refrigerator; Washer
Unit 2 Bath Description: Main Floor Full Bath
Unit 2 Cooling: Central
Unit 3 Appliances: Dryer; Microwave; Range; Refrigerator; Washer
Unit 3 Cooling: Central
Unit 4 Appliances: Dryer; Microwave; Range; Refrigerator; Washer
Unit 4 Cooling: Central
Unit 4 Dining Room Description: Eat In Kitchen
Water: Drilled; Private; Well
Property Visit Liability Waiver.pdf 
Listing Office: Century 21 First Realty, Inc.
Last Updated: September - 18 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
