Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    416-510 Water St Albert Lea, MN 56007

    For Sale
    Contact for pricing

    Three-lot development opportunity in a quiet neighborhood near waterfront.

    Lot size:
    0.50 Acres

    Property Features for 416-510 Water St

    General Information

    Lot size
    0.50 Acres

    Source: Hamilton Real Estate Agent Ari Kolas

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

    Overview

    Residential Land Development Opportunity

    This property presents a three-lot development opportunity or investment prospect. Situated in a quiet neighborhood, the location offers proximity to parks and waterfront views. Lot 1 and Lot 2 together comprise 0.30 acres, while Lot 3 consists of 0.20 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    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
    -93.37354
    Latitude
    43.650887

    Nearby Similar for Sale

    • $1,374,450
      161.70 Acres

      Productive Farm with Hunting Potential

      161.7 acre farm with tillable land and hunting.
      720xx 255Th St, Albert Lea, MN 56007
      View Details
    • $280,000

      Updated Condo with Lake Views

      Updated 2 bed, 2 bath condo near downtown amenities.
      212 Broadway Ave N, Albert Lea, MN 56007
      View Details
    • $375,000
      15,000 SF

      Mixed-Use Building in Community Heart

      15,000 SF building with retail and office spaces.
      302 S Broadway Ave, Albert Lea, MN 56007
      View Details
    • $1,000,000
      17,200 SF

      Raw Office Space Near Clinic

      Large office building near Mayo Clinic with business opportunities.
      210 N St Mary Ave, Albert Lea, MN
      View Details
    • $369,900
      0.28 Acres

      Versatile Commercial Property with Living Space

      Operating car service station with updated residential living space above.
      226 E Clark St, Albert Lea, MN 56007
      View Details
    • Contact for pricing
      49,271 SF

      Northbridge Mall Retail Space

      Albert Lea, MN Shopping Center Redevelopment
      2590 Bridge Ave, Albert Lea, MN 56007
      View Details

    FAQs

    What type of property is this?
    Land - Three-lot development opportunity in a quiet neighborhood near waterfront.
    Where is this land located?
    The property is located at 416-510 Water St Albert Lea, MN.
    What are key features of this property?
    This property features: - Three lot development opportunity; - Investment property; - Quiet neighborhood location
    (507) 271-5553
    Request Owner's contact information
    416-510 Water St Albert Lea, MN 56007
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    416-510 Water St
    Albert Lea, MN 56007
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    416-510 Water St Albert Lea, MN 56007
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.