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1619 W Main St 1.5 Acres of Commercial Land Offered at $250,000 in Albert Lea, MN 56007
INVESTMENT HIGHLIGHTS
- Highway/Main Street Frontage.
- Multi-Family Redevelopment Adjacent.
- Direct Two-Way (four lane) Access.
- Revolving Loan Fund Potential: growalbertlea.com.
EXECUTIVE SUMMARY
Multi-family developers of former Skyline Mall are selling
approximately 1.5 acres of the lot for redevelopment of a
retail pad off I-90. Near 50+ multi-family new construction
residential, Bomgaars, and a local liquor store. Excellent
traffic, visibility and pedestrian access. Shared parking is
available for the demised lot and owners can assist in
construction if needed.
approximately 1.5 acres of the lot for redevelopment of a
retail pad off I-90. Near 50+ multi-family new construction
residential, Bomgaars, and a local liquor store. Excellent
traffic, visibility and pedestrian access. Shared parking is
available for the demised lot and owners can assist in
construction if needed.
PROPERTY FACTS
| Price | $250,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.50 AC |
| Property Type | Land | ||
| Zoning | Commercial | ||
| Price | $250,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.50 AC |
| Zoning | Commercial |
1 LOT AVAILABLE
Lot
| Price | $250,000 | Lot Size | 1.50 AC |
| Price Per AC | $166,666.67 |
| Price | $250,000 |
| Price Per AC | $166,666.67 |
| Lot Size | 1.50 AC |
Albert Lea Retail Pad.
DESCRIPTION
Development acreage located near 50+ multi-family new construction residential, Bomgaars, and a local liquor store. Excellent traffic, visibility and pedestrian access. Shared parking is available for the demised lot and owners can assist inconstruction if needed.
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PROPERTY TAXES
| Parcel Number | 34.163.0020 | Improvements Assessment | $1,231,900 |
| Land Assessment | $208,300 | Total Assessment | $1,440,200 |
PROPERTY TAXES
Parcel Number
34.163.0020
Land Assessment
$208,300
Improvements Assessment
$1,231,900
Total Assessment
$1,440,200
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1619 W Main St
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