Property Overview
Prime Memorial Drive commercial frontage in Alexandria, LA's most active retail trade area.
This 5.74± acre commercial tract sits on Memorial Drive in Alexandria, Louisiana, immediately behind the Target store and within an established retail trade area that draws customers from across Central Louisiana. The property is adjacent to Christus St. Frances Cabrini Hospital, one of the region's largest medical employers, and is within walking distance of Walmart, Boot Barn, Alexandria Mall, and a deep mix of national and regional retailers. Memorial Drive frontage, signalized intersection access, and a near-flat, cleared building site make this one of the most development-ready commercial parcels currently available in Rapides Parish.
Bidding is conducted entirely online and closes at 2:00 PM Central on Thursday, June 11, 2026.
Location & Trade Area
The center of Alexandria, Louisiana's regional shopping & medical district.
Alexandria is the parish seat of Rapides Parish and the commercial hub of Central Louisiana, serving a regional trade area of more than 300,000 residents across nine surrounding parishes. Memorial Drive functions as the primary east-west connector between North MacArthur Drive (US-71/US-165) and North Boulevard, linking Alexandria Mall, Target, Walmart, Boot Barn, JCPenney, Belk, and dozens of national retailers with the Christus St. Frances Cabrini Hospital campus and surrounding medical office submarket.
Notable neighbors and demand drivers
Direct neighbors and surrounding businesses include Target, Walmart, Boot Barn, Alexandria Mall, Christus St. Frances Cabrini Hospital, Saints Land Catholic Church, JCPenney, Bath & Body Works, Buckle, GNC, and a steady mix of restaurants and service retailers. The combination of daily-needs retail, regional shopping, and major medical traffic produces consistent traffic counts and 7-day-a-week demand — the kind of intersection where pad-ready acreage rarely comes to market.
Likely highest and best uses
The size, frontage, and visibility of this 5.74± acre tract support a wide range of commercial uses: multi-tenant retail strip centers, freestanding national tenants, quick-service and casual restaurants, medical office buildings, dental and specialty clinics, urgent care, hotel/extended-stay hospitality, climate-controlled self-storage, or a mixed-use combination of any of the above.
Property Specifications
| Address | Memorial Drive, Alexandria, LA 71301 (directly behind Target) |
|---|---|
| Parish | Rapides Parish, Louisiana |
| Acreage | 5.74± acres |
| Frontage | Memorial Drive — signalized intersection |
| Topography | Generally level, cleared, grass-covered, build-ready |
| Zoning | Commercial — buyer to verify with City of Alexandria Planning |
| Utilities | City water, sewer, electric, gas available to site (buyer to verify) |
| Adjacent Anchors | Target, Christus St. Frances Cabrini Hospital, Walmart, Alexandria Mall |
| Sale Type | Online Land Auction |
| Auction Format | Online Only |
| Bidding Closes | Thursday, June 11, 2026 at 2:00 PM Central Time |
Auction Terms & How to Bid
Online-only bidding through Bonnette Auction Company.
How to register
Bidding takes place at bid.bonnetteauctions.com. Click "Register to Bid," create your account, and submit your lender pre-approval letter. All bidders must complete registration and be approved before the close of bidding. We recommend registering at least 24 hours in advance to allow time for review.
Terms in brief
A 10% buyer's premium will be added to the final high bid to establish the total contract price. A 10% non-refundable earnest money deposit is due immediately upon the close of bidding by wire or certified funds. The balance is due at closing, on or before 30 days from the auction date. Buyers may finance the purchase — about 80% of our buyers do — and all bidders must be pre-approved (not just pre-qualified) by their lender before bidding. The property sells "AS IS, WHERE IS" with no contingencies, including no financing or inspection contingencies. All prospective bidders are encouraged to perform any due diligence, inspections, surveys, environmental review, and title work prior to bidding.
Property inspection
The property is open and viewable from Memorial Drive at any time. Private walk-throughs and onsite meetings can be scheduled by contacting Bonnette Auction Company directly.
Frequently Asked Questions
Quick answers about the Memorial Drive auction in Alexandria, Louisiana.
Is a real estate auction like a sheriff's sale where I have to pay for everything up front in cash?
No — and this is the single most common misconception we hear. A Bonnette Auction Company real estate auction is not a sheriff's sale. You do not have to pay the full purchase price the day of the auction, and you do not have to pay in cash. The high bidder puts down a 10% earnest money deposit the day the auction closes, and the balance is paid at closing — typically within 30 days. Closing works just like a traditional real estate transaction.
Can I finance the property, or do I have to pay cash?
Yes, you can finance the purchase. About 80% of our buyers use financing rather than paying cash. The auction sale itself is not contingent on financing, which is why being pre-approved (not just pre-qualified) by your lender before you bid is essential — it confirms you can close on time after the auction.
What is the difference between pre-qualified and pre-approved, and which do I need to bid?
Pre-qualified means a lender has done a quick informal review of your finances based on what you told them — it's not verified.
Pre-approved means the lender has actually verified your income, assets, and credit, and has issued a written commitment to lend up to a specific amount.
To bid at this auction, you must be pre-approved, not pre-qualified. This protects both you and the seller because it confirms you can perform at closing.
What do I have to pay on the day of the auction if I win?
The high bidder pays a 10% non-refundable earnest money deposit the day the auction closes, by wire or certified funds. A 10% buyer's premium is also added to the high bid to determine the total contract price. The remaining balance is due at closing, on or before 30 days from the auction date.
How does closing work after I win the auction?
Closing works very similarly to a traditional real estate sale. After the auction, you'll sign a purchase agreement and the property goes into closing with a title company or closing attorney. Title work is performed, your lender (if you're financing) finalizes the loan, and closing takes place on or before the 30-day deadline.
The main difference from a typical MLS listing is that the auction sale has no inspection or financing contingencies, which is why your due diligence and lender pre-approval should be completed before you bid.
What is being sold at this auction?
5.74± acres of commercial development land on Memorial Drive in Alexandria, Louisiana, located directly behind Target and adjacent to Christus St. Frances Cabrini Hospital.
When does the auction end?
Online bidding closes on Thursday, June 11, 2026 at 2:00 PM Central Time.
Where exactly is the property located?
The 5.74± acre tract is on Memorial Drive in Alexandria, Louisiana, directly behind the Target store. It is adjacent to Christus St. Frances Cabrini Hospital and within walking distance of Walmart, Boot Barn, and Alexandria Mall.
How do I register and bid?
Bidding is online only through Bonnette Auction Company's bidding platform at bid.bonnetteauctions.com. Register, submit your lender pre-approval letter, and be approved in advance — we recommend completing registration at least 24 hours before the auction closes.
Can I view the property before the auction?
Yes. The property is open and viewable from Memorial Drive at any time. To schedule a private walk-through or to ask any questions, contact Bonnette Auction Company.
What zoning is the property and are utilities available?
The tract is in Alexandria's Memorial Drive commercial corridor, with city water, sewer, electric, and gas available to the site. Buyers should verify zoning, permitted uses, setback and signage requirements, and utility capacity directly with the City of Alexandria and the appropriate utility providers prior to bidding.
Property Photos & Aerial Map
Memorial Drive frontage, aerial context, and surrounding retail.
