Tavern with Five
For Sale
$314,000
134 William Street W, Albert Lea, MN 56007
Downtown tavern with gaming rooms, patio seating, updated bar fixtures, and a commercial kitchen setup.
Property SizeContact for details
Days on Market231
Property Features for 134 William Street W
General Information
Standard status
Active
Property subtype
Commercial
Zoning
Business/Commercial, Residential-Multi-Family
Additional Details
Business Included
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$3,748
Building Details
Year Built
1913
Stories
2
Units
5
Listing Agency:
Century 21 Atwood
(507) 383-5773
Listed By:
Rick Mummert
(507) 383-5773
Source:
Ivyrealestategroup
Added: Dec 23, 2025
Changed: Aug 9
Last Checked: Aug 10 at 10:47AM
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 Century 21 Atwood
Investment Insights
Based on property information with market context.
This established tavern occupies a 1913 building with a bar area seating 40-plus guests, two sizable gaming rooms, and an outdoor patio. Bar cabinets and shelving were recently replaced, while the food-service setup includes an indoor grill plate and fryers for burgers and fries. Five apartments are located on the upper level, adding a residential component to the property.
The property is at 134 William Street W in downtown Albert Lea, Minnesota, and carries Business/Commercial and Residential-Multi-Family zoning. The combination of tavern operations, gaming areas, outdoor seating, food-service equipment, and upper-level apartments creates a varied configuration within one building.
The property is at 134 William Street W in downtown Albert Lea, Minnesota, and carries Business/Commercial and Residential-Multi-Family zoning. The combination of tavern operations, gaming areas, outdoor seating, food-service equipment, and upper-level apartments creates a varied configuration within one building.
Key Highlights
- Five upper‑level apartments included
- Two large gaming rooms
- Bar seating for 40 plus people
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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- Nasty Habit — 134 W William St, Albert Lea, MN 56007
Frequently Asked Questions
What type of property is this?
Bar & Pub - Downtown tavern with gaming rooms, patio seating, updated bar fixtures, and a commercial kitchen setup.
Where is this bar & pub located?
The property is located at 134 William Street W Albert Lea, MN.
What is the asking price?
The asking price for this property is $314,000.
What are key features of this property?
This property features: Five upper‑level apartments included; Two large gaming rooms; Bar seating for 40 plus people
