Three-Unit Mixed-Use
For Sale
$109,900
216 Washington Avenue S, Albert Lea, MN 56007
Commercial Sale, Albert Lea, MN
Property SizeContact for details
Lot Size0.07 Acres
Days on Market83
Property Features for 216 Washington Avenue S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Rooms
Basement
Parking features
Offsite
Exterior features
Block
Accessibility
Accessible Approach with Ramp
High school district
Albert Lea
Directions
From the intersection of Broadway Ave and Main Street go West 1 block then go North on Washington Street.
Standard status
Active
APN
340012550
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3824
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1956
Listing Agency:
Leland Realty
(507) 373-9586
Listed By:
Steven Lehner
(507) 373-9586
Added: Jun 11
Changed: Aug 31
Last Checked: Sep 1 at 1:06AM
MLS# 7091296
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use building contains three units: two office spaces and one apartment. Two units are currently rented, while the lower unit is vacant and was previously configured for office use. The property includes a basement, block exterior construction, forced-air heating, and central air conditioning.
Situated at 216 Washington Avenue S in Albert Lea, the building occupies 0.073 acres. Offsite parking is provided, and an accessible approach with ramp supports entry. Built in 1956, the property offers a combination of office and residential occupancy within a downtown commercial setting.
Situated at 216 Washington Avenue S in Albert Lea, the building occupies 0.073 acres. Offsite parking is provided, and an accessible approach with ramp supports entry. Built in 1956, the property offers a combination of office and residential occupancy within a downtown commercial setting.
Key Highlights
- Three‑unit configuration with 2 office spaces and 1 apartment
- Two units are currently rented
- Vacant lower unit previously used as office space
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
1
Residential units
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property combines office suites with residential space and an available lower-level unit.
Where is this mixed-use property located?
The property is located at 216 Washington Avenue S Albert Lea, MN.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: Three‑unit configuration with 2 office spaces and 1 apartment; Two units are currently rented; Vacant lower unit previously used as office space
