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401 N Nokomis St 2,762 SF Vacant Retail Building Alexandria, MN 56308 $1,086,717 CAD ($393.45 CAD/SF)
Executive Summary
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
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
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,762 SF
Year Built
1970
Price
$1,086,717 CAD
Price Per SF
$393.45 CAD
Percent Leased
Vacant
Building Height
1 Story
Opportunity Zone
Yes
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 63-0489-000 | Improvements Assessment | $355,365 CAD |
| Land Assessment | $138,152 CAD | Total Assessment | $493,517 CAD |
Property Taxes
Parcel Number
63-0489-000
Land Assessment
$138,152 CAD
Improvements Assessment
$355,365 CAD
Total Assessment
$493,517 CAD
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401 N Nokomis St
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