Albert Lea, MN Commercial Real Estate for Sale

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Updated: Feb 5

Freestanding Retail and Car Wash

1311 W Front St, Albert Lea, MN 56007

$549,000

1.38 AC lot

Freestanding 2,400 SF single‑story commercial building at 1311 W Front Street, Albert Lea, MN 56007
Includes a 792 SF car wash with related equipment plus two adjacent lots for a combined 1.38 acres
150 feet of frontage on W Front Street with a dedicated turn lane for ingress/egress
Flexible Planned Development District zoning allowing a range of commercial uses
Traffic counts include AADT 3,000+ on Front Street and AADT 11,000+ on I‑90, 3.8 miles away

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Updated: Jun 9

Commercial Corner Land

1916 Main Street, Albert Lea, MN 56007

$285,000

1.30 AC lot

1.3‑acre commercial corner lot on E Main Street heading into Albert Lea
Business/Commercial zoning
Level parcel with light tree coverage
Utilities available: city water, sewer, electricity, and natural gas
Established shared driveway for ingress and egress

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Interstate Commercial Development Land

21133 775th St, Albert Lea, MN 56007

$975,000

6.50 AC lot

Commercial land with IDD zoning, utility availability, and direct connectivity to Interstate 35 and East Main Street.

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Insulated Heated Flex Space

24104 755th Ave, Albert Lea, MN 56007

$800,000

12,330 sqft 22.00 AC lot

The layout combines warehouse, shop, office, and mezzanine areas under one roof.

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Industrial Land with Highway Frontage

US I-90, Albert Lea, MN 56007

$557,800

13.50 AC lot

L-1 zoning permits manufacturing, warehousing, retail, and consumer-service uses.

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Automobile Service Station Building

1401 SE Broadway Avenue, Albert Lea, MN 56007

$320,000

5,549 sqft

Turnkey service station with a showroom, 10 garage stalls, vented paint booth, and large glass-front visibility.

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Renovated Mixed-Use Property

1317 Broadway Avenue SE, Albert Lea, MN 56007

$299,000

2,400 sqft

Two suites combine restaurant infrastructure with flexible office accommodations and shared ADA-compliant support areas.

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Retail Pad off I-90

1619 Main Street West, Albert Lea, MN 56007

$250,000

1 sqft

1.5 acre retail pad for redevelopment near I-90.

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High-Visibility Commercial Property on Front Street

1311 West Front St, Albert Lea, MN 56007

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2,400 sqft 1.38 AC lot

Freestanding commercial property with car wash in key retail corridor.

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Corner Retail and Multifamily Building

202 S BROADWAY AVE, Albert Lea, MN 56007

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9,801 sqft

Turn-of-the-century corner redevelopment building with iconic terrazzo floors and a dry foundation.

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Office and Truck Service Facility

2360 Becker Dr, Albert Lea, MN 56007

$1,299,000

Office buildout includes multiple offices, lounges, restrooms, and a loading dock, plus a cold storage building with truck bays.

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Downtown Office Building with Apartment

216 Washington Avenue S, Albert Lea, MN 56007

$129,900

Three-unit downtown building includes two rented office spaces and one vacant former office unit.

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Arby’s Quick Service Restaurant

2707 BRIDGE AVE, Albert Lea, MN 56007

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3,500 sqft

Arby’s is positioned on a central, high-traffic retail corridor in Albert Lea, MN, among major dining and daily-service tenants.

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Business/Commercial Corner Development Lot

1916 Main Street, Albert Lea, MN 56007

$285,000

Level corner commercial lot with established shared driveway and Business/Commercial zoning, with major utilities available.

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Historic Downtown Albert Lea Corner

104 S Broadway Ave, Albert Lea, MN 56007

$199,900

Iconic corner location in historic downtown Albert Lea.

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Tillable Farmland

26034 800th Ave, Albert Lea, MN 56007

$840,000

Rolling farmland with partial tile drainage and an existing lease through the 2026 crop year.

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Automotive Sales and Service Facility

2114 Main Street E, Albert Lea, MN 56007

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Automotive facility with showroom and administrative offices plus eleven service bays, a paint booth, and a fully illuminated outdoor sales lot.

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Northbridge Mall Retail Opportunity

2590 Bridge Ave, Albert Lea, MN 56007

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49,271 sqft

Large retail space in Albert Lea's Northbridge Mall.

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Multi-Use Retail Office Restaurant

410 Bridge Avenue, Albert Lea, MN 56007

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Commercial building on Bridge Avenue offers a drive-up window and driveway for flexible retail, office, or restaurant use.

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Prime Commercial Land I-35 Access

21133 775th St, Albert Lea, MN 56007

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283,140 sqft 6.50 AC lot

6.5 acre commercial lot with I-35 access.

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Specialty Property with Garage Parking

717 Marshall Street, Albert Lea, MN 56007

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Specialty building offers front and rear parking, plus a rear garage door with the option to park inside.

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I-35/I-90 Accessible Land Parcels

777th Ave & E Main St, Albert Lea, MN

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60.00 AC lot

Land parcels ideal for light industrial or distribution ventures.

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Downtown Office and Apartments

209 Clark Street E, Albert Lea, MN 56007

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Commercial office/business space occupies the main and lower levels, with two rental apartments above.

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Mixed-Use Office and Apartments

109 Clark Street E, Albert Lea, MN 56007

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Downtown Albert Lea building with main and lower-level commercial space plus two upstairs two-bedroom apartments.

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Albert Lea, MN Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Albert Lea, MN, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 956,452 square feet of properties for sale, with an estimated market value of $6,789,600.

Sale prices for business properties in Albert Lea, MN start at $129,900, averaging $522,276, and reaching up to $1,299,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 21K

Population Growth (5Y) +1.4%

Median Household Income $66,479

College Educated 24.2%

High-Yield Neighborhoods for Investment

Identify Albert Lea submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
56007	$441.4K

Taxes & Financing

Tax Rate (average for all types) 2.76%

Property Tax per SF $0.93 per SF

Tax Rate vs County Average 0.01 pp above county avg

Average Loan-to-Value 65.0%

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