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    302 S Broadway Ave Albert Lea, MN 56007

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    For Sale
    $375,000

    15,000 SF building with retail and office spaces.

    Property size:
    15,000 SF
    Lot size:
    0.13 Acres

    Property Features for 302 S Broadway Ave

    General Information

    Size
    15,000 SF
    Lot size
    0.13 Acres

    Source: Hamilton Real Estate Agent Ryan Nolander

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

    Overview

    Mixed-Use Building in Community Heart

    This 15,000 SF building features retail spaces on the main and lower levels, with office suites located upstairs. The property benefits from high foot traffic and visibility, situated in the heart of the community and surrounded by shops, cafes, and parks. A large municipal parking lot is located directly behind the building, and wide sidewalks service the front and side of the building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Albert Lea
    County
    Freeborn
    State
    Minnesota
    Longitude
    -93.369083
    Latitude
    43.647474

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    FAQs

    What type of property is this?
    Retail space - 15,000 SF building with retail and office spaces.
    Where is this retail space located?
    The property is located at 302 S Broadway Ave Albert Lea, MN.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - High foot traffic and visibility in the heart of the community; - Large, useable retail spaces on main and lower levels; - Large municipal parking lot directly behind the building
    (507) 383-1820
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    302 S Broadway Ave Albert Lea, MN 56007
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    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
    302 S Broadway Ave Albert Lea, MN 56007
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