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    11th St & Viking Ave Albert Lea, MN

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    For Sale
    $1,001,250

    Industrial land suitable for wet industry with robust infrastructure.

    Lot size:
    22.25 Acres

    Property Features for 11th St & Viking Ave

    General Information

    Lot size
    22.25 Acres

    Source: The Brookshire Company Agent Gerald "Gerry" Norton

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

    Overview

    Industrial Land Ready For Development

    This industrial land offers an opportunity for businesses seeking an industrial setting. Located next to an established industrial park, it provides access to major transportation routes. Designed to accommodate modern industries, including wet industry, the site features water and sewer systems. The park includes two regional retention ponds and available fiber optic service. A new spec building, constructed in 2009, was quickly occupied.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Albert Lea
    County
    Freeborn
    State
    Minnesota
    Longitude
    -93.3686555
    Latitude
    43.6478006

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    FAQs

    What type of property is this?
    Land - Industrial land suitable for wet industry with robust infrastructure.
    Where is this land located?
    The property is located at 11th St & Viking Ave Albert Lea, MN.
    What is the asking price?
    The asking price for this property is $1,001,250.
    What are key features of this property?
    This property features: - Prime industrial location adjacent to an established industrial park; - Robust water and sewer systems suitable for wet industry; - Seamless access to major transportation routes
    (612) 386-8433
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    11th St & Viking Ave Albert Lea, MN
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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
    11th St & Viking Ave Albert Lea, MN
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