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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 |
This parcel is located in Albert Lea, Minnesota 4 miles west of Interstate 90. This development site is adjacent a new 50+ unit multi-family development, Skye Lofts. Shared parking, buildout incentives and more are negotiable for the right user.
Description
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.
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
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Contact the Sale Advisor
1619 W Main St