Home › 316 N Nokomis Street, Alexandria, MN 56308 (MLS# 7072947)

316 N Nokomis Street, Alexandria, MN 56308 (MLS# 7072947)

$425,000
316 N Nokomis Street
Alexandria, MN 56308
MLS# 7072947
6 baths
316 N Nokomis Street, Alexandria, MN 56308
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316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308 316 N Nokomis Street, Alexandria, MN 56308

Property Description
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.

Details
Maps
Contract Information
Status: Active
Current Price: 425000
Contingency: None
ListPrice: 425000
List Date: 2026-05-18
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Management Company Name: Owner Managed
Multiple PIDs?: No
Other Parking Spaces: 8
Owner Occupied: No
Waterfront Present: No
Year Built: 1956
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Baths Total: 6
Foundation Size: 2387
For Sale or Lease: For Sale
Acres: 0.18
Lot Dimensions: 60x135x60x135
Assessment Pending: No
Location Tax and Other Information
House Number: 316
Street Direction Prefix: N
Street Name: Nokomis
Street Suffix: Street
Postal City: Alexandria
County: Douglas
State: MN
Zip Code: 56308
Complex/Dev/Subdivision: Lakeside Add
Assessments
Tax With Assessments: 6672
Basement
Foundation Dimensions: 35x68x35x68
Building Information
Building Finished SqFt: 2387
Building SqFt: 2387
Ceiling Height: 8-10
Income and Expenses
Annual Gross Income: 45480
Annual Insurance Expense: 1541.55
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: ALEX
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 37
Section#: 17
Township#: 128
Sale Options
Sale Includes: Building, Leases
Unit 1
Unit Number: 1
Monthly Rent: 850
Half Baths: 2
Total Bathrooms: 2
Total Rooms: 1
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2026-07-30
Unit 2
Half Baths: 2
Lease Expiration Date: 2027-07-01
Leased?: Yes
Level: Main Level
Monthly Rent: 700
Total Bathrooms: 2
Total Rooms: 1
Unit Number: 2
Unit 3
Half Baths: 2
Lease Expiration Date: 2027-10-01
Leased?: Yes
Level: Main Level
Monthly Rent: 700
Total Bathrooms: 2
Unit Number: 3
Unit Details
Total Units: 4
Property Features
Accessible: Doors 36"+; Grab Bars In Bathroom; No Stairs External; No Stairs Internal; Partially Wheelchair
Air Conditioning: Central Air
Amenities Shared: Concrete Floors & Walls
Amenities Unit: In-Ground Sprinkler
Assumable Loan: Not Assumable
Basement: None
CMU Style: Freestanding; Office
Construction Materials: Concrete; Frame
Construction Status: Previously Owned
Current Use: Beauty/Barber Shop; Business Service; Commercial; Office; Professional Service
Exterior: Stucco; Wood
Flooring: Carpet; Luxury Vinyl Tile
Foundation: Slab
Fuel: Natural Gas
Heating: Forced Air
Internet Options: Fiber Optic
Loan Terms: Cash; Conventional
Location Description: Free Standing
Lock Box Type: Supra
Lot Description: Tree Coverage - Light
On Site Utilities: Electric Separate; Heating Separate
Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Janitorial Service; Janitorial Service; Maintenance/Repair; Pest Control; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot; Paved Lot
Potential Use: Income; Office; Other; Professional
Rent Rate per Foot: Gross; Net
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Flat
Sewer: City Sewer/Connected
Stories: One
Tenant Pays: All Utilities; Gas; Heat; Hot Water; Janitorial Service; Maintenance/Repair; Security
Topography: Level
Wall Description: Drywall
Water: City Water/Connected
Window Features: Double Pane Windows

Listing Office: Real Estate by Jo, LLC

Last Updated: May - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Tuesday 19th of May 2026 03:47 PM

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