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For Sale:  Albert Lea MLS# 7145184

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Active NEW!
$500,000
/mo Edit
Commercial:  Other
Built 1916
0.408 acres
Albert Lea schools
MLS# 7145184
763-576-8286
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    Property Description

    Don't miss out on this opportunity with this extremely well maintained office building with over 20, 000sf of furnished floor area located in Albert Lea's downtown Central Business District. Included with these areas are private offices, two large conference rooms, employee breakroom, storage areas and indoor parking. (some of the private offices are provided with a lakeview). All three levels of this building have upper scale office furnishing including, desks, chairs, file cabinetry, modular office wall partitions and much more. The estimated value of these listing furnishings are in the $100, 000.00 range and are included with the listing price. The building elevator which services all three levels is currently rendered inoperable but can be placed back into service upon request. There is currently a lease in place for approximately 5000s.f on the main level office area, this lease expires in 2028, a copy of this current lease is available upon request. This building also has a backup power generator that will service the entire building during times of power outages. This building could be utilized for one single tenant or could be easily split into four separate lease spaces.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $500,000
    Property Type: Commercial
    City: Albert Lea
    Garage Spaces: 4
    County: Freeborn
    Year Built: 1916
    State: MN
    Property Style: Other
    Zip Code: 56007

    Interior

    Ceiling Height: 8-10
    Flooring: Carpet, Tile
    Appliances Included: Electric Water Heater

    Exterior

    Stories: Three Or More
    Garage Spaces: 4
    Garage Dimensions: 54' x 36'
    Garage Size: 1,944 ft2
    Air Conditioning: Central Air
    Foundation Size: 8,052 ft2
    Foundation Dimensions: 112' x 66'
    Fencing: None
    Handicap Accessible: Doors 36"+, Accessible Elevator Installed, Fully Wheelchair, Grab Bars In Bathroom, Hallways 42"+, Door Lever Handles
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Attached Garage
    • Concrete
    • Floor Drain
    • Garage Door Opener
    • Heated Garage
    • Parking Garage
    • Shared Garage/Stall
    • Tuckunder Garage
    Unit Amenities:
    • Natural Woodwork
    • Paneled Doors
    Road Frontage:
    • City Street
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Exterior Material:
    • Brick
    • Concrete
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Flat
    • Rubber

    Lake & Waterfront

    Waterfront Present: N
    Waterfront View: Bay, North
    Elev Highpt to WF feet: 4-10
    Waterfront: Lake View
    Lake Bottom: Undeveloped

    Lot & Land

    Acres: 0.408
    Geolocation: 43.6500026748, -93.3671223299
    Inclusions: Building, Fixture/Equipment, Land, Leases
    Lot Dimensions: 240' x 74'
    Zoning: Business/Commercial
    Lot Description:
    • Corner Lot
    • Tree Coverage - Light
    • Underground Utilities

    Farm

    Topography: Walkout

    Schools

    School District: 241
    District Phone: 5073794800

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $16,242
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $16,242

    Units

    Total Units: 4

    Miscellaneous

    Current Use:
    • Commercial
    • Office
    • Professional/Office
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Century 21 Atwood.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.