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302 S Broadway Ave 17,568 SF 100% Leased Retail Building Albert Lea, MN 56007 $375,000 ($21.35/SF)
INVESTMENT HIGHLIGHTS
- This 15,000 SF building has large useable retail spaces on both the main and lower levels with office suites available upstairs.
- High foot traffic and visibility located in the heart of the community.
- There is a large municipal parking lot right behind the building and large sidewalks servicing the side and front of the building.
EXECUTIVE SUMMARY
This 15,000 SF building has large useable retail spaces on both the main and lower levels with office suites available upstairs.
There is a large municipal parking lot right behind the building and large sidewalks servicing the side and front of the building.
High foot traffic and visibility located in the heart of the community.
Surrounded by unique shops, cafes and parks.
There is a large municipal parking lot right behind the building and large sidewalks servicing the side and front of the building.
High foot traffic and visibility located in the heart of the community.
Surrounded by unique shops, cafes and parks.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,568 SF
Building Class
C
Year Built/Renovated
1903/1980
Price
$375,000
Price Per SF
$21.35
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.10
Lot Size
0.13 AC
Zoning
Commercial B-3 - Downtown
Parking
48 Spaces (2.73 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Mezzanine
- Signalized Intersection
- Skylights
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 34.001.4510 | Improvements Assessment | $138,900 |
| Land Assessment | $29,300 | Total Assessment | $168,200 |
PROPERTY TAXES
Parcel Number
34.001.4510
Land Assessment
$29,300
Improvements Assessment
$138,900
Total Assessment
$168,200
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302 S Broadway Ave
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