312 Spruce Street Alexandria, MN 56308

$1,100,000
Active
 |  MLS # 7017065
Active
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About The Listing

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 courtesy of Brandon Hetland, Hetland Realty, LLC
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1950
MLS #: 7017065
Garage Spaces: 2
Parking Description: Detached Garage, Parking Lot, Paved Lot
Sewer Description: City Sewer/Connected
Air Conditioning Type: Window Unit(s)
Water: City Water/Connected
Heat Type: Boiler, Radiant
Basement: Block, Partial, Concrete, Storage Space, Unfinished
Construction Description: Block, Concrete
Roof Description: Asphalt
Days On Market (Continuous): 0
Disability Features: No Stairs Internal
Latest Update: 02/25/2026
List Date: 02/25/2026
Listing Agent ID: 500001842
Listing Office: Hetland Realty, LLC
Listing Office ID: 252801
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Dryer, Washer
Lot Dimensions: 140x295x140x295
Lot Size: 0.949 Acres
School District: Alexandria
Tax Year: 2025
Estimated Taxes: $4,236
Contingency Type: None
City: Alexandria
Zip: 56308
County: Douglas
Subdivision: Holes 2nd Add
State: MN
Listing last updated: 02/25/26

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