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    1619 Main St West Albert Lea, MN 56007

    For Sale
    $250,000

    1.5 acre retail pad for redevelopment near I-90.

    Property size:
    1 SF
    Lot size:
    1.50 Acres

    Property Features for 1619 Main St West

    General Information

    Size
    1 SF
    Lot size
    1.50 Acres

    Source: David Schooff Agent David Schooff

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Pad off I-90

    Approximately 1.5 acres of land are available for redevelopment as a retail pad. The site is located off I-90, near a new 50+ unit multi-family development, Skye Lofts, Bomgaars, and a local liquor store. The property benefits from excellent traffic, visibility and pedestrian access. Shared parking is available. The site has highway and main street frontage with direct two-way (four lane) access. Buildout incentives are negotiable for the right user. The parcel is located in Albert Lea, Minnesota, 4 miles west of Interstate 90. Multi-family developers of former Skyline Mall are selling the lot for redevelopment of a retail pad. Owners can assist in construction if needed. Revolving Loan Fund potential is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albert Lea
    County
    Freeborn
    State
    Minnesota
    Longitude
    -93.387375
    Latitude
    43.644638

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    FAQs

    What type of property is this?
    Commercial land - 1.5 acre retail pad for redevelopment near I-90.
    Where is this commercial land located?
    The property is located at 1619 Main St West Albert Lea, MN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - 1.5 acre retail pad available off I-90 for redevelopment.; - Adjacent to a new 50+ unit multi-family development (Skye Lofts).; - Excellent traffic, visibility, and pedestrian access.
    (507) 380-7340
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    1619 Main St West Albert Lea, MN 56007
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1619 Main St West Albert Lea, MN 56007
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