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Mixed-Use Office and Apartments
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Pending

109 Clark Street E, Albert Lea, MN 56007

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

Property SizeContact for details
Days on Market121

Property Features for 109 Clark Street E

General Information

Standard status Pending
Property subtype Special Purpose, Business for Sale

Additional Details

Multifamily Units 2
Listing Agency: Century 21 Atwood Albert Lea
Listed By: Rick Mummert · License #MN
Source: Crexi
Added: Apr 11 Changed: Jul 23 Last Checked: Aug 8 at 8:35AM

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 Century 21 Atwood Albert Lea

Investment Insights

Based on property information with market context.

This property offers a mixed-use configuration with commercial space on the main floor and lower level. The upper level includes two 2-bedroom apartments, providing a rental component alongside the existing business use.

Located in downtown Albert Lea at 109 Clark Street E, the building is positioned to serve commercial needs while maintaining residential income above.

Overall, it’s a single building that combines street-level and lower-level commercial space with two separate residential units on the upper level.

Key Highlights

  • Downtown Albert Lea mixed‑use building with main‑floor and lower‑level commercial space
  • Upper level includes two 2‑bedroom apartments
  • Commercial space is currently being utilized as business space

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Law Firm HVAC Service Grocery & Convenience Store Skin Care Clinic Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

940
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Downtown Albert Lea building with main and lower-level commercial space plus two upstairs two-bedroom apartments.
Where is this office building located?
The property is located at 109 Clark Street E Albert Lea, MN.
What are key features of this property?
This property features: Downtown Albert Lea mixed‑use building with main‑floor and lower‑level commercial space; Upper level includes two 2‑bedroom apartments; Commercial space is currently being utilized as business space
(507) 377-3174 Call to check price and availability
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