A property for sale on Lake Le Homme Dieu in Alexandria, MN gives you to buy a bit of history. The cottage was built in 1925 and after two owners became the residence of the Herberger family. Yes, that Herberger, the merchandiser.
My hope is that someone buys it and continues to use it as a cottage. But, there is a lot of value in the land so there is a good chance it may be torn down. A strong argument could be made that it is priced below land value. For you see, it has 192 feet of frontage and is within Alexandria’s city limits. Within the City of Alexandria, the minimum amount of frontage for lake properties is 75 feet. Outside the city limits, it is 100 feet. The structure could be torn down and this parcel could be sub-divided into two lots. It would be a shame if that happened but I think there is a good chance it will.
[idx_listing_details listing=”10-17928″]
