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Active
  • Price cut: $25K (10/20)
    $250,000

    1407 State Highway 29 N, Alexandria, MN 56308

    9beds
    4baths
    5,304sqft
    : 
    $1,709/mo
    Get pre-qualified
    Fourplex
    Built in 1954
    -- sqft lot
    $-- Zestimate®
    $47/sqft
    $-- HOA

    What's special

    Large beautiful yardMature trees
    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.
    36 days
    533
    13

    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher B Sutton 320-760-7375,

    Century 21 First Realty, Inc.

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7067521MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 4
      Heating
      • Baseboard, Forced Air
      Features
      • Basement: Block,Finished,Full
      Interior area
      • Total structure area: 5,304
      • Total interior livable area: 5,304 sqft
      • Finished area above ground: 3,776
      • Finished area below ground: 1,528

      Property

      Parking
      • Parking features: Gravel, Paved Lot
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Pool features: None
      Lot
      • Size: 1.01 Acres
      • Dimensions: 167 x 262 x 168 x 263
      Details
      • Foundation area: 1528
      • Parcel number: 636302460
      • Zoning description: Residential-Multi-Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Fourplex
      Materials
      • Frame
      • Roof: Asphalt,Pitched,Unspecified Shingle
      Condition
      • New construction: No
      • Year built: 1954

      Utilities & green energy

      • Electric: Circuit Breakers
      • Gas: Electric, Natural Gas
      • Sewer: City Sewer/Connected
      • Water: Drilled, Private, Well

      Community & HOA

      Location
      • Region: Alexandria

      Financial & listing details

      • Price per square foot: $47/sqft
      • Tax assessed value: $300,700
      • Annual tax amount: $3,606
      • Date on market: 9/14/2026
      • Tenant pays: Broadband, Cable TV

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/20/2026Price change$250,000-9.1%$47/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7067521 Report a problem
        10/4/2026Price change$275,000-14.1%$52/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7067521 Report a problem
        9/14/2026Listed for sale$320,000+10.3%$60/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7067521 Report a problem
        7/25/2024Sold$290,000-2.7%$55/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6546934 Report a problem
        7/18/2024Pending sale$298,000$56/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6546934 Report a problem
        6/25/2024Price change$298,000-4.5%$56/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6546934 Report a problem
        6/4/2024Listed for sale$312,000+83.5%$59/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6546934 Report a problem
        10/1/2020Sold$170,000+9.7%$32/sqft
        Source: NorthstarMLS as distributed by MLS GRID #5553207 Report a problem
        4/15/2015Sold$155,000$29/sqft
        Source: Lake Superior Area Realtors as distributed by MLS GRID #2200759 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,662 +1.6%$300,700 +3.2%
        2024$3,606 +2.7%$291,400 +7.3%
        2023$3,512 +4.3%$271,500 +8.5%
        2022$3,366 +3.8%$250,300 +12.4%
        2021$3,242 +1.3%$222,600 +5.7%
        2020$3,200 +7.8%$210,600 +6.4%
        2019$2,968 +6%$198,000 +4.8%
        2018$2,800 +6.4%$189,000 +5%
        2017$2,632 +26.5%$180,000 +6.5%
        2016$2,080 +9.8%$168,974
        2015$1,894 --
        2014-- $152,000
        2013-- --
        2012-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 56308

        Getting around

        25 / 100
        Car-Dependent
        42 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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