Lori Gustafson

1205 N Nokomis

Alexandria, MN
$ 325,000 Beds 4 Baths 1.5 Sq 2,980
Monthly Estimate* How much can I afford?

Prime Location on N Nokomis! High visibility and steady traffic make this 1-acre property an exceptional opportunity for both commercial and residential use. Located in the desirable B-1 General Business district, it offers outstanding market presence and a wide range of permitted uses. Ideal for retail, professional services, or customer-facing businesses, this property also features a solid 4-bedroom, 2-story single-family residence—perfect for owner occupancy, rental income, or conversion into office space. With approximately 3,000 sq. ft., the home is suitable for year-round use and includes over 1,200 sq. ft. on the main level, featuring a kitchen, dining room with fireplace, living room, porch, entry/laundry room, and a main-floor bath. The upper level offers four bedrooms and an additional bath. Two detached outbuildings, each approximately 24' x 40', provide excellent options for garage space, storage, or expanded business operations. Whether you're looking to establish your business, generate rental income, or utilize both, this versatile property in a highly sought-after location is worth a serious look. Explore the potential today!

Single Family

  • Price
  • $ 325,000
  • City
  • Alexandria
  • Bedrooms
  • 4
  • Full Bathrooms
  • 1
  • County
  • DOUGLAS
  • Half Bathrooms
  • 1
  • Area
  • Aud Sub
  • Lot Size
  • 1.04 Acres
  • Zip
  • 56308
  • Sqr Footage
  • 2,980
  • Year Built
  • 1900
  • Taxes
  • $ 7494
  • Style
  • Single Family
  • MLS#
  • 7001988
Listed By: Century 21 First Realty, Inc.
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2980
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air,Wall Unit(s)
Roof Asphalt,Pitched
Appliances Dishwasher,Dryer,Electric Water Heater,Range,Refrigerator,Washer,Water Softener Owned
Garage Spaces 4
Construction Materials Frame
Year Built 1900
Electric Circuit Breakers
Levels Two
Property Subtype Single Family
Tax Year 2025
Accessibility None
County Douglas
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Aud Sub
Other Structures Garage(s)
Full Baths 1
Directions Alexandria Hwy 29 N to N Nokomis follow to property on the right.
City Alexandria
High School District Alexandria
Zoning Description Business/Commercial,Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 7494
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Kitchen Window,Porch,Washer/Dryer Hookup
PostalCity Alexandria

Interior Features

Basement Partial,Concrete,Storage Space,Unfinished
Total Fireplaces 2
Fireplace Features Family Room,Gas
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 2980
Half Baths 1
Laundry Features Electric Dryer Hookup,Main Level,In Unit,Washer Hookup
Total Bedrooms 4
Total Baths 2
Bath Desc Main Floor 1/2 Bath,Upper Level Full Bath
Dining Room Description Eat In Kitchen,Separate/Formal Dining Room
Foundation Dimensions 32x35x32x35
Fuel Natural Gas
Garage Dimensions 40x24
Garage Door Width 7
Garage Square Feet 970

Exterior Features

Parking Features Detached Garage,Asphalt,Multiple Garages,Parking Lot,Paved Lot
Lot Features Tree Coverage - Medium
Water Source Drilled
Lot Size Area 1.04
Building Area Total 3288
Lot Dimensions 130x349x130x349
Waterfront Y/N No
Foundation Area 1233
Road Frontage Type City Street,Paved Streets
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

12/22/2025 Listed $395,000
5/13/2026 11% - $355,000
7/30/2026 9% - $325,000

Property vs Zip Code Average in 56308

Price
AVG $450K
$330K
Taxes
AVG $6,498
$7,494
Year Built
AVG 1987
1900
Visits
AVG 82
533
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

1205 N Nokomis Alexandria, MN is a Single Family Home for sale at $325000 with 2980 sqft and a lot size of 1.04 Acres Acre(s). 1205 N Nokomis Alexandria has 4 bedrooms, 1 baths and was built in 1900. The property's zip code is 56308 which is in Alexandria, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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