$425,000
316 N Nokomis Street Alexandria, MN 56308
For Sale MLS# 7072947
Other
Details for 316 N Nokomis Street
MLS# 7072947
Description for 316 N Nokomis Street, Alexandria, MN, 56308
Calling all investors. This is a one in a lifetime opportunity to get a turnkey investment. This investment portfolio comes with a full house of tenants, completely remodeled, turnkey. It is essentially maintenance free.This is a rare find, and a true gem. It is set up to be hands-free and be a great investment. The front office suite is a financial company. They pay their own utilities and have their own space.The second suite is office suites with three suites, and a potential fourth suite, two bathrooms and a common corridor. The beauty of this investment is, it is main level, no steps and has great parking.When you’re talking about building your investment portfolio, adding to it or starting your investment this is truly an investment you want to consider.
Listing Information
Property Type: Commercial
Status: Active
Bathrooms: 6
Lot Size: 0.19 Acres
Square Feet: 2,387 sq ft
Year Built: 1956
Foundation: 2,387 sq ft
Stories: 1 Story
Subdivision: Lakeside Add
Number Of Units Total: 4
Current Use: Beauty/Barber Shop,Business Service,Commercial,Office,Professional Service
County: Douglas
Days On Market: 21
Construction Status: Previously Owned
School Information
District: 206 - Alexandria
Interior Features
Appliances: Electric Water Heater
Flooring: Carpet,Luxury Vinyl Tile
Doors/Windows: Double Pane Windows
Accessibility: Grab Bars In Bathroom, No Stairs External, No Stairs Internal, Partially Wheelchair, Doors 36+
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Separate
Cooling: Central
Heating: Natural Gas, Forced Air
Exterior / Lot Features
Open Parking: 8
Parking Description: Guest Parking, Parking Lot, Paved Lot, Driveway - Asphalt, Garage Sq Ft - 0.00
Exterior: Stucco, Wood
Roof: Age Over 8 Years, Flat
Lot Dimensions: 60x135x60x135
Zoning: Business/Commercial
Topography: Level
Additional Exterior/Lot Features: In-Ground Sprinkler, Tree Coverage - Light, Land Inclusions - Building,Leases, Road Frontage - City
Driving Directions
From Downtown. Go East on Third Ave E. Turn Left on N Nokomis St. The property will be on your right.
Financial Considerations
Tenant Pays: All Utilities,Gas,Heat,Hot Water,Janitorial,Maintenance/Repair,Security
Owner Pays: Exterior Maintenance,Grounds Care,Insurance,Janitorial,Maintenance/Repair,Pest Control,Snow,Taxes,Trash,Water
Gross Income: 45480
Tax/Property ID: 630503000
Tax Amount: 6672
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Real Estate by Jo, 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.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 316 N Nokomis Street
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 316 N Nokomis 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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