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$320,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 9 Total Beds
  • Updated 2 days ago
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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.

Full Property Details for 1407 State Hwy 29 N

General

  • Price: $320,000
  • Taxes: $3,606 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7067521
  • Updated: 9/15/2026
  • Added to Site: 3 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 9

Parking

  • Parking Features: Gravel, Paved Lot

Location

  • County: Douglas
  • Township: Alexandria
  • Driving Directions: From Alexandria, State Hwy 29 N to left on Northside Drive to home on right.

School Information

  • School District: 206 - Alexandria
  • High School District: Alexandria

Heating & Cooling

  • Heating Type: Baseboard, Forced Air
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: Drilled, Private, Well

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Block, Finished, Full
  • Foundation Size: 1528
  • Roof: Asphalt, Pitched, Unspecified Shingle
  • Disability Access: None
  • Square Feet: 5,304
  • Above Ground: 3,776 Sq. Ft.
  • Below Ground: 1,528 Sq. Ft.
  • Finished Down/Base.: 5,304 Sq. Ft.
  • Year Built: 1954

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 1.01
  • Lot Dimensions: 167 x 262 x 168 x 263
  • Frontage: Highway
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Tax Amount: $3,606
  • Tax Year: 2026
  • Terms: Conventional Rehab, Conventional, Cash
  • Owner Pays: Electricity, Fuel, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
  • Tenant Pays: Broadband, Cable TV
  • Pays Cable: Tenant Pays
  • Pays Electric: Owner Pays
  • Pays Trash: Owner Pays

Disclosures and Reports

  • Legal Description: .85 Acres of the W 1/2 of the SE 1/4 Sect 8 Twp 128 R 37 and the adjoining parcel Lot 9 Block 0 Petersons Hwy Park 1.01 Ac
  • Property ID: 636302460

Listed by Century 21 First Realty, Inc.

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— 1407 State Hwy 29 N —

  • Century 21 First Realty, Inc.

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1407 State Hwy 29 N

School District:Alexandria Public School District
NameGradesDistance
Voyager Elementary School
203 Voyager Drive, Alexandria, MN 56308
K-61 mi
Discovery Junior High School
510 North Mc Kay Avenue Northeast, Alexandria, MN 56308
7-90.5 mi
Alexandria Area High School
4300 Pioneer Road Southeast, Alexandria, MN 56308
10-123.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1407 State Hwy 29 N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/14/2026
Listed
$320,000
10.34%
MLS
7/19/2024
Sold
$290,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1407 State Hwy 29 N

Year
Property Taxes
Change
Tax Assessment
Change
2026
$3,650
—
$303,300
1%
2026
$3,650
1%
$300,700
3%
2023
$3,606
3%
$291,400
7%
2023
$3,512
4%
$271,500
8%
2022
$3,366
4%
$250,300
12%
2021
$3,242
1%
$222,600
6%
2018
$3,200
8%
$210,600
6%
2019
$2,968
6%
$198,000
5%
2018
$2,800
6%
$189,000
5%
2017
$2,632
27%
$180,000
7%
2016
$2,080
—
$168,974
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Century 21 First Realty, Inc.

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1407 State Highway 29 N, Alexandria, MN 56308 (MLS# 7067521) is a Multi-Family property with 4 units containing 9 bedrooms and 0 full bathrooms. 1407 State Highway 29 N is currently listed for $320,000 and was received on September 14, 2026. Want to learn more about 1407 State Highway 29 N? Do you have questions about finding other Multi-Family real estate for sale in Alexandria? You can browse all Alexandria real estate or contact a Coldwell Banker agent to request more information.

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