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.
Active
Price cut: $25K (10/20)
$250,000
1407 State Highway 29 N, Alexandria, MN 56308
9beds
4baths
5,304sqft
Fourplex
Built in 1954
-- sqft lot
$-- Zestimate®
$47/sqft
$-- HOA
What's special
Large beautiful yardMature trees
- 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#: 7067521
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
| Date | Event | Price |
|---|---|---|
| 10/20/2026 | Price change | $250,000-9.1%$47/sqft |
Source: | ||
| 10/4/2026 | Price change | $275,000-14.1%$52/sqft |
Source: | ||
| 9/14/2026 | Listed for sale | $320,000+10.3%$60/sqft |
Source: | ||
| 7/25/2024 | Sold | $290,000-2.7%$55/sqft |
Source: | ||
| 7/18/2024 | Pending sale | $298,000$56/sqft |
Source: | ||
| 6/25/2024 | Price change | $298,000-4.5%$56/sqft |
Source: | ||
| 6/4/2024 | Listed for sale | $312,000+83.5%$59/sqft |
Source: | ||
| 10/1/2020 | Sold | $170,000+9.7%$32/sqft |
Source: | ||
| 4/15/2015 | Sold | $155,000$29/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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

