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$1,100,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 6,700 Sq. Ft.
  • 0.949 Acres
  • Updated 2 hours ago
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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.

Full Property Details for 312 Spruce St

General

  • Price: $1,100,000
  • Taxes: $4,236 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7017065
  • Updated: Today (2/25/2026)
  • Added to Site: Today

Interior

  • Appliances: Dryer, Washer

Parking

  • Garage: Yes
  • Garage Description: 30 x 24
  • Garage Spaces: 2
  • Parking Features: Detached Garage, Parking Lot, Paved Lot

Location

  • County: Douglas
  • Township: Alexandria
  • Subdivision: Holes 2nd Add
  • Driving Directions: From N Nokomis ST turn left onto 3rd Ave E. From there continue 0.4 miles. Turn right onto Spruce Street. Property is on you right.

School Information

  • School District: 1015 - Alexandria
  • High School District: Alexandria

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Boiler, Radiant
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common, Heating Common, Hot Water Common

Structural Information

  • Exterior Const.: Block, Concrete
  • Basement: Yes
  • Basement Desc.: Block, Partial, Concrete, Storage Space, Unfinished
  • Foundation Size: 5200
  • Roof: Asphalt
  • Disability Access: No Stairs Internal
  • Square Feet: 6,700
  • Finished Down/Base.: 6,700 Sq. Ft.
  • Current Bldg. Use: Commercial, Residential
  • Year Built: 1950

Lot Features

  • Lot Size (Acres): 0.949
  • Lot Dimensions: 140 x 295 x 140 x 295
  • Potential Use: Income
  • Zoning: Business/Commercial, Residential-Multi-Family

Financial Considerations

  • Tax Amount: $4,236
  • Tax Year: 2025
  • Owner Pays: All Utilities

Disclosures and Reports

  • Legal Description: SEC-20 TWP-128 RANG-37 HOLES 2ND ADDN LOTS 1-6 BLK 3 EX N 17' OF LOT 1
  • Inclusions: Building, Land, Leases
  • Property ID: 632471000

Listed by Hetland Realty, LLC

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Listing agent

— 312 Spruce St —

  • Hetland Realty, LLC

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NMLS#: 1598647

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

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NMLS#: 1598647

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with our affiliated in-house agency

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

Schools serving 312 Spruce St

School District:Alexandria Public School District
NameGradesDistance
Woodland Elementary School, Alexandria, MN
1410 South McKay Avenue, Alexandria, MN 56308
K-60.9 mi
Discovery Junior High School
510 North Mc Kay Avenue Northeast, Alexandria, MN 56308
7-90.6 mi
Alexandria Area High School
4300 Pioneer Road Southeast, Alexandria, MN 56308
10-122.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 312 Spruce St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/25/2026
Listed
$1,100,000
478.95%
MLS
8/01/2019
Sold
$190,000
—
Public Record
Get Price Alerts and Save Property
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 312 Spruce St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,236
7%
$243,800
10%
2023
$3,964
-2%
$221,800
5%
2022
$4,038
—
$211,500
5%
2021
$4,058
-27%
$201,600
1%
2018
$5,534
5%
$199,600
-31%
2019
$5,282
15%
$289,100
4%
2018
$4,582
-12%
$276,900
4%
2017
$5,232
-4%
$265,300
-14%
2016
$5,424
—
$307,781
—
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 Hetland Realty, LLC

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312 Spruce Street, Alexandria, MN 56308 (MLS# 7017065) is a Commercial property. 312 Spruce Street is currently listed for $1,100,000 and was received on February 25, 2026. Want to learn more about 312 Spruce Street? Do you have questions about finding other Commercial 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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