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Mixed-Use Property with Warehouse
For Sale
$599,900

404 Airport Road, Albert Lea, MN 56007

Commercial Sale, Albert Lea, MN

Property Size13,720 SF
Lot Size0.90 Acres
Price / SF$43.72
Days on Market259

Property Features for 404 Airport Road

General Information

Property type Commercial Sale
Property subtype Office
Zoning description Business/Commercial
Parking features Parking Lot
Accessibility Accessible Approach with Ramp
Subdivision Bridgeport Sub
High school district Albert Lea
Directions From Bridge Ave go West on Airport Rd.
Standard status Active
APN 342640251
Lot size 0.90 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 14702

Utilities

Heating system Forced Air

Building Details

Year built 1940
Listing Agency: Leland Realty
Listed By: Steven Lehner
Added: Feb 13 Changed: Oct 8 Last Checked: Oct 30 at 12:06PM
MLS# 7021003

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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This mixed-use property contains 13,720 square feet, divided between 2,440 square feet of office and retail space and 11,280 square feet of warehouse area. The building dates to 1940 and has forced-air heating, a parking lot, and ramp access.

Key Highlights

  • 13,720 square feet total: 2,440 office/retail and 11,280 warehouse
  • Available for sale or lease
  • 0.9‑acre parcel

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Mixed-use properties

Suggested Use

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

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

214
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A split office-retail and warehouse layout is offered for sale or lease.
Where is this mixed-use property located?
The property is located at 404 Airport Road Albert Lea, MN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 13,720 square feet total: 2,440 office/retail and 11,280 warehouse; Available for sale or lease; 0.9‑acre parcel
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