Three-Unit Mixed-Use
For Sale
$109,900
216 Washington Avenue S, Albert Lea, MN 56007
Two office suites and one apartment sit within a business/commercial-zoned property in downtown Albert Lea.
Property SizeContact for details
Days on Market12
Property Features for 216 Washington Avenue S
General Information
Standard status
Active
Property subtype
Commercial
Zoning
Business/Commercial
Additional Details
Multifamily Units
1
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,824
Building Details
Year Built
1956
Buildings
1
Units
3
Listing Agency:
Leland Realty
Listed By:
Steven Lehner
(507) 391-0195
Source:
Getyoumoved
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 29 at 10:50PM
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 Leland Realty
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Investment Insights
Based on property information with market context.
This three-unit mixed-use property in downtown Albert Lea contains two office spaces and one apartment. Two of the units are currently rented, while the lower-level office space is vacant and was previously used for office purposes. The building dates to 1956 and is zoned Business/Commercial.
Key Highlights
- Three units: two office spaces and one apartment
- Two units are currently rented
- Vacant lower unit previously served as office space
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two office suites and one apartment sit within a business/commercial-zoned property 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 currently rented; Vacant lower unit previously served as office space
