401 N Nokomis St - Retail FOR SALE


Alexandria, MN 56308
$795,000 USD
248-453-6202
401 N Nokomis St, Alexandria, MN for Sale
$795,000 USD
Retail - FOR SALE
1/5
null | Request Cap Rate

NEW


401 N Nokomis St
Alexandria, MN 56308


OVERVIEW

Minnesota Microbusiness Dispensary 401 North Nokomis North East, Alexandria, MN 56308 OVERVIEW *Price includes state and municipal cannabis retail approvals + assignment of long term lease of $6,600/Month NNN This premier location represents a rare, high-barrier-to-entry opportunity, with approval secured for one of just four cannabis dispensary licenses in Alexandria. Its appeal is further elevated by eligibility under Minnesota’s new microbusiness license structure, giving a single operator the ability to cultivate, manufacture, retail, and potentially allow on-site consumption—all within a single or multiple integrated location. This 2,762 square-foot standalone building features ample parking (50+ spaces), and prominent pylon signage on a high-visibility parcel. Under the microbusiness structure, operators may grow up to 5,000 square feet of canopy indoors or a half-acre outdoors, create cannabis products (10,000 lbs of cannabis for processing), and directly sell cannabis, hemp-derived products, and seedlings to customers—all with the option of a designated on-site consumption area. HIGHLIGHTS Exclusive Cannabis License: One of six dispensary licenses issued in Alexandria, offering built-in market protection and limited competition. Prime Retail Corridor: Nearby national tenants helping anchor the trade area include McDonalds, Subway, Dairy Queen, Caribou Coffee, Pizza Hut and many more! Microbusiness License Advantage: In addition to the dispensary location, this license allows full vertical integration, including 5,000 SF canopy for cultivation, 10,000 lbs of cannabis product processing annually License Price: $795,000.00 Building Size: 2,762 sq. ft. 5-Mile Population: 35,000+ Parking: 50+ More properties for sale and lease! Contact Green Zoned Realty at 248-453-6202 or sales@greenzonedrealty.com for more info. You can also visit our website at www.greenzonedrealty.com Grow – Process – Transport – Safety Compliance – Provisioning Center

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

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ZONING

-

APN/PARCEL ID

63-0489-000

ASK ABOUT THIS PROPERTY

Keri KnippleGreen Zoned RealtyMore Info
248-453-6202

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Keri KnippleGreen Zoned RealtyMore Info
248-453-6202

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.