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Northbridge Mall Retail Opportunity
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2590 Bridge Ave, Albert Lea, MN 56007

Large retail space in Albert Lea's Northbridge Mall.

Property Size49,271 SF
Price / SF$59.87
Days on Market640

Property Features for 2590 Bridge Ave

General Information

Standard status Active
Size 49,271 SF
Class B
Total Parking Spaces 196
Property subtype Retail
Zoning B-2 Community Business District
Investment Type Value Add

Building Details

Year Built 1986
Buildings 1
Stories 1
Tenancy Multi
Listing Agency: Suntide Commercial Realty
Listed By: Matthew Klein, CCIM · License #20186454
Source: Crexi
Added: Nov 19, 2024 Changed: Aug 17 Last Checked: Aug 20 at 11:11AM

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 Suntide Commercial Realty

Investment Insights

Based on property information with market context.

Located within Northbridge Mall in Albert Lea, Minnesota, this property presents a developer or owner-user opportunity. Albert Lea is the county seat of Freeborn County, situated 90 miles from Minneapolis-Saint Paul. The space, encompassing 49271 square feet, offers flexible zoning suitable for a variety of usages. Potential uses include a large church, indoor pickleball courts, a skating arena, or a big box store.

Key Highlights

  • Developer/Owner‑User opportunity within Northbridge Mall.
  • Flexible zoning allows for a variety of usages.
  • Located in Albert Lea, Minnesota, the county seat of Freeborn County.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Plumbing Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

244
Businesses Nearby
137k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 35% Shops & Services 30% Groceries 23% Home Improvements & Furnishings 6%
Kwik Trip Shops & Services
33,114 visits/mo 0.2 miles
Hy-Vee Groceries
31,187 visits/mo 0.1 miles
McDonald's Dining
16,396 visits/mo 0.2 miles
Applebee's Dining
9,314 visits/mo 0.2 miles
Dollar Tree Shops & Services
7,841 visits/mo 0.1 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Large retail space in Albert Lea's Northbridge Mall.
Where is this retail space located?
The property is located at 2590 Bridge Ave Albert Lea, MN.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Developer/Owner‑User opportunity within Northbridge Mall.; Flexible zoning allows for a variety of usages.; Located in Albert Lea, Minnesota, the county seat of Freeborn County.
More about this property
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