$1,100,000
Off-Market Date: 05/29/2026312 Spruce Street Alexandria, MN 56308
Pending MLS# 7017065
5,200 sq ft Commercial
Details for 312 Spruce Street
MLS# 7017065
Description for 312 Spruce Street, Alexandria, MN, 56308
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.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Pending
Lot Size: 0.95 Acres
Square Feet: 5,200 sq ft
Year Built: 1950
Foundation: 5,200 sq ft
Garage: Yes
Stories: 1 Story
Subdivision: Holes 2nd Add
Number Of Units Total: 14
Current Use: Commercial,Residential
County: Douglas
Days On Market: 93
Construction Status: Previously Owned
School Information
District: 206 - Alexandria
Interior Features
Appliances: Washer, Dryer
Basement: Concrete Block, Storage Space, Unfinished, Partial
Accessibility: No Stairs Internal
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Heating Common,Hot Water Common
Cooling: Window
Heating: Radiant, Natural Gas, Boiler
Exterior / Lot Features
Garage Spaces: 2
Open Parking: 20
Parking Description: Detached Garage, Parking Lot, Paved Lot, Garage Dimensions - 30x24, Garage Door Height - 7, Garage Door Width - 8, Garage Sq Ft - 720.0
Exterior: Vinyl
Roof: Asphalt Shingles
Lot Dimensions: 140x295x140x295
Zoning: Business/Commercial,Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building,Land,Leases
Community Features
Community Features: Other
Driving Directions
From N Nokomis ST turn left onto 3rd Ave E. From there continue 0.4 miles. Turn right onto Spruce Street. Property is on you right.
Financial Considerations
Owner Pays: All Utilities
Gross Income: 140520
Tax/Property ID: 632471000
Tax Amount: 4236
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Hetland Realty, LLC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Sales History & Tax Summary for 312 Spruce Street
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 312 Spruce Street
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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