510 3rd Ave W

Highlights:

• Lot Size Dimensions: 410x206x176x490x29x48
• Stories: One
• Days on Market: 7

Description:

Commercial 30-Unit Apartment Building for Sale on Lake Winona, Alexandria, MN
Seize this rare opportunity to own a 30-unit apartment building situated on the shores of Lake Winona in the heart of Alexandria, MN. This commercial property offers lakefront views and endless potential for real estate investors looking to build equity through strategic improvements or a bold redevelopment.

Property Highlights:
Unbeatable Location: Nestled in-town with direct access to Lake Winona, offering stunning water views and a serene setting that tenants will love.
30 Units with Growth Potential: Increase occupancy and revenue through targeted upgrades or reimagine the property entirely with a new development to maximize its value.
Investor’s Dream: Perfect for those ready to invest sweat equity into a property with immense upside. Whether you renovate the existing structure or start fresh, this lakefront gem is brimming with possibilities.
Prime Redevelopment Opportunity: The expansive lot and prime location make this property ideal for a visionary redevelopment project, capitalizing on Alexandria’s growing demand for modern housing.
Central Accessibility: Located in the heart of Alexandria, close to local amenities, shopping, dining, and recreational activities, making it highly desirable for tenants.

Why Invest Here?
This Lake Winona property is a rare find, combining a sought-after in-town location with the natural beauty of lakefront living. With the potential to boost occupancy, modernize units, or redevelop the site, this is an unparalleled opportunity to create significant equity in a thriving market. Alexandria’s vibrant community and growing economy make this an ideal investment for those looking to capitalize on a property with both immediate cash flow potential and long-term development prospects. Contact us today to schedule a viewing or request more details!