About This Home

This 9-bedroom, 4-bathroom residential multi family at 1407 State Highway 29 N in Alexandria, MN is listed for $250,000 ($47 per sqft). Built in 1954, the home offers 5,304 sqft of living space on a 1.01 acres lot.

Key Features

  • Built in 1954
  • 1.01 acre lot

Property Details

4 full
1954
Listing 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.

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

1407 State Highway 29 N

Alexandria, MN 56308

Property Details

Construction

Frame

Parking

Driveway

Heating

BaseboardForced Air

Questions & Answers

This 9-bedroom, 4-bathroom residential multi family at 1407 State Highway 29 N is listed at $250,000 ($47/sqft). The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1954, 1.01 acre lot.

This property is listed by Christopher B Sutton.

CS

Christopher B Sutton

Agent at First Realty, Inc.

Listed by First Realty, Inc. · Broker phone: (320) 252-4908 · View on Broker Site

MLS# 7067521· Source: Northstar MLS· 46 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1407 State Highway 29 N, Alexandria, MN 56308

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