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8-Unit Apartment Building
For Sale
Contact for pricing
Pending

1204 Plainview Lane, Albert Lea, MN 56007

Fully occupied one-story property with spacious residential units and shared operational amenities.

Property SizeContact for details
Days on Market144

Property Features for 1204 Plainview Lane

General Information

Standard status Pending
Property subtype Industrial, Business for Sale
Occupancy 100%

Units

Unit Mix 8 x 4BR/1BA
Multifamily Units 8

Amenities

coin operated laundry
library room
kitchen
conference rooms
utility room
handicapped bathrooms

Building Details

Stories 1
Listing Agency: Julie Wesely-Smit
Listed By: Julie Wesely-Smit · License #MN
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 11:27PM

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 Julie Wesely-Smit

Investment Insights

Based on property information with market context.

This one-story apartment property contains 8 units totaling over 13,000 square feet. Each residence includes 4 bedrooms, 1 bathroom, and a separate storage unit. Several apartments have received updates, and the building is fully occupied.

Shared areas support resident services and property operations, including coin-operated laundry, a library, kitchen, conference rooms, utility space, and handicapped bathrooms. The property is located at 1204 Plainview Lane in Albert Lea, Minnesota.

Key Highlights

  • 8‑unit apartment complex with over 13,000 square feet
  • Each unit includes 4 bedrooms, 1 bath, and an additional storage unit
  • Fully occupied property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Bakery Parking Lot & Garage (Bike/Boat/Book/etc) Store Pharmacy Garden Center Dental Office

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

8
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

244
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied one-story property with spacious residential units and shared operational amenities.
Where is this apartment building located?
The property is located at 1204 Plainview Lane Albert Lea, MN.
What are key features of this property?
This property features: 8‑unit apartment complex with over 13,000 square feet; Each unit includes 4 bedrooms, 1 bath, and an additional storage unit; Fully occupied property
More about this property
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