Historic Downtown Albert Lea
For Sale
$199,900
104 S Broadway Avenue, Albert Lea, MN 56007
Iconic corner location in historic downtown Albert Lea.
Property Size5,412 SF
Days on Market256
Property Features for 104 S Broadway Avenue
General Information
Standard status
Active
Size
5,412 SF
Property subtype
Commercial
Zoning
Business/Commercial
Taxes and HOA fees
Annual Taxes
$2,037
Building Details
Building Size
5,412 SF
Year Built
1874
Stories
2
Units
2
Listing Agency:
Robert Hoffman Realty Inc.
(507) 402-4692
Listed By:
Robert J. Hoffman
(507) 402-4692
Source:
Ivyrealestategroup
Added: Dec 12, 2025
Changed: Aug 23
Last Checked: Aug 24 at 3:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Robert Hoffman Realty Inc.
Investment Insights
Based on property information with market context.
Located in the heart of historic downtown Albert Lea, this commercial building occupies one of the area's most iconic and busy corners. The property is situated blocks from Fountain Lake, the Marion Ross Performing Arts Theater, City Hall, the Public Library, the Art Center, Mayo Hospital, and various shops and restaurants. The unfinished second story of this well-maintained building features new windows. The current business is relocating, presenting an opportunity to take advantage of this location.
Key Highlights
- Iconic and busy corner location in Historic Downtown Albert Lea.
- Close proximity to Fountain Lake, Marion Ross Performing Arts Theater, City Hall, Public Library, Art Center, Mayo Hospital, shops, and restaurants.
- Well‑kept commercial building.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
52k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 45%
Electronics 4%
McDonald's
Dining
18,547 visits/mo
0.4 miles
Shell
Shops & Services
8,032 visits/mo
0.3 miles
Dollar General
Shops & Services
6,366 visits/mo
0.2 miles
U.S. Bank
Shops & Services
5,821 visits/mo
0.2 miles
SUBWAY
Dining
4,244 visits/mo
0.5 miles
Demographics for 56007, MN
21,434
Population
9,873
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
88%
High-School Grad
169.3 sq mi
ZIP Area
127
Density / Sq Mi
$66,479
Median Household Income
$43,867
Median Earnings
$843
Median Rent
$161,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Iconic corner location in historic downtown Albert Lea.
Where is this storefront property located?
The property is located at 104 S Broadway Avenue Albert Lea, MN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Iconic and busy corner location in Historic Downtown Albert Lea.; Close proximity to Fountain Lake, Marion Ross Performing Arts Theater, City Hall, Public Library, Art Center, Mayo Hospital, shops, and restaurants.; Well‑kept commercial building.
