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Downtown Office and Apartments
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Pending

209 Clark Street E, Albert Lea, MN 56007

Commercial office/business space occupies the main and lower levels, with two rental apartments above.

Property SizeContact for details
Days on Market121

Property Features for 209 Clark Street E

General Information

Standard status Pending
Property subtype Special Purpose, Business for Sale

Additional Details

Multifamily Units 2
Listing Agency: Century 21 Atwood Albert Lea
Listed By: Rick Mummert · License #MN
Source: Crexi
Added: Apr 11 Changed: Jul 23 Last Checked: Aug 8 at 1:48PM

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 Albert Lea

Investment Insights

Based on property information with market context.

This mixed-use building offers commercial space on the main floor and lower level, currently utilized for business use. The upper level features two 2-bedroom apartments that provide steady rental income.

Located in downtown Albert Lea at 209 Clark Street E, the property combines income-producing residential units with flexible commercial space within the same structure.

The layout is straightforward: business areas below and apartment units above, supporting an owner-operator or investor approach that captures both commercial and residential income streams.

Key Highlights

  • Commercial office/business space on the main floor and lower level
  • Two 2‑bedroom apartments on the upper level provide rental income
  • Property includes both commercial space and rental units within one building

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office HVAC Service Grocery & Convenience Store Skin Care Clinic Hair Salon

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

907
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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Commercial office/business space occupies the main and lower levels, with two rental apartments above.
Where is this duplex located?
The property is located at 209 Clark Street E Albert Lea, MN.
What are key features of this property?
This property features: Commercial office/business space on the main floor and lower level; Two 2‑bedroom apartments on the upper level provide rental income; Property includes both commercial space and rental units within one building
(507) 377-3174 Call to check price and availability
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