3-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 Market128
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
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) 391-0195
Added: Jun 11
Changed: Oct 8
Last Checked: Oct 16 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
This 1956 mixed-use building in downtown Albert Lea contains three units: two office spaces and one apartment. Two units are rented; the lower-level space is vacant and was previously used as an office. The building has forced-air heat, central air conditioning, and an accessible approach with a ramp. Off-site parking is available.
The property occupies a 0.073-acre lot at 216 Washington Avenue S.
The property occupies a 0.073-acre lot at 216 Washington Avenue S.
Key Highlights
- Three units: two office spaces and one apartment
- Two units are rented; the lower unit is vacant and was previously used as office space
- 0.073‑acre lot in downtown Albert Lea
Property Analytics
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two office suites and an apartment create a combination of commercial and residential space in downtown Albert Lea.
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 units: two office spaces and one apartment; Two units are rented; the lower unit is vacant and was previously used as office space; 0.073‑acre lot in downtown Albert Lea
