167-Unit Former Skilled Nursing Facility 901 Luther Pl 93,634 SF Healthcare Building Online Auction Sale Albert Lea, MN 56007

Senior Living Investment Brokerage is pleased to exclusively offer the former St. John's healthcare facility located at 901 Luther Place, Albert Lea, Minnesota. This vacant, turnkey property presents a rare opportunity for an owner-operator, investor, or healthcare provider to acquire a well-maintained campus with significant existing infrastructure for a variety of residential care or healthcare-related uses, subject to applicable approvals.
Situated on 5.67 acres, the three-story facility features 167 resident rooms and offers a flexible layout suitable for board and care, behavioral health, rehabilitation, assisted living, memory care, or other residential healthcare services.
The property occupies an attractive setting adjacent to Fountain Lake, providing scenic water views and convenient access to walking trails, boating, fishing, and numerous outdoor recreational opportunities. The surrounding community features more than 300 acres of parkland across over 40 parks, including Myre-Big Island State Park, creating an appealing environment for residents, visitors, and staff alike.
Albert Lea is strategically located in southern Minnesota at the intersection of Interstates 35 and 90, approximately 90 miles south of the Minneapolis–Saint Paul metropolitan area and just north of the Iowa border. The city's central location provides excellent regional access to Rochester, Mankato, and the Twin Cities, making it well positioned to serve a broad population throughout southern Minnesota and northern Iowa.
The property also benefits from its proximity to Mayo Clinic Health System – Albert Lea, the region's primary healthcare provider. As part of the nationally recognized Mayo Clinic network, the hospital offers comprehensive inpatient and outpatient services, emergency care, diagnostic imaging, surgical services, and specialty care, serving approximately 30,000 residents throughout the surrounding region. Its presence enhances the property's long-term appeal and provides future operators with access to an established medical network and healthcare workforce.
This offering represents a compelling value-add opportunity to acquire a vacant healthcare campus with substantial existing improvements in a desirable regional market. With its significant building size, established infrastructure, attractive lakeside setting, and strategic location, the property is well positioned for adaptive reuse or continued healthcare-related operations.