312 Spruce ST Alexandria, MN 56308
0.95 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Subdivision Holes 2Nd Add
MLS Listing ID 7017065
Year Built 1950
Annual Tax Amount $4,236
Tax Year 2025
Contingent None
Lot Size 0.949 Acres
Lot Dimensions 140x295x140x295
Property Description
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.
Location
State MN
County Douglas
Zoning Business/Commercial,Residential-Multi-Family
Rooms
Family Room Other
Basement Block, Partial, Concrete, Storage Space, Unfinished
Interior
Heating Boiler, Radiant
Cooling Window Unit(s)
Inclusions Building, Land, Leases
Fireplace No
Appliance Dryer, Washer
Exterior
Parking Features Detached Garage, Parking Lot, Paved Lot
Garage Spaces 2.0
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Asphalt
Present Use Commercial,Residential
Building
Story One
Foundation 5200
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Block,Concrete
New Construction false
Schools
School District Alexandria