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Retro Storefront Building
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531 Railroad Ave, Albany, MN 56307

Downtown commercial building with an established bakery business and a location near the Lake Wobegon Trail.

Property Size2,975 SF
Price / SF$67.23
Days on Market237

Property Features for 531 Railroad Ave

General Information

Standard status Active
Size 2,975 SF
Property subtype RETAIL

Additional Details

Highway Access Yes
Listing Agency: Commercial Equities Group, Inc
Listed By: Jeff Salzbrun · License #40699119
Source: Moodyscre
Added: Jan 5 Changed: Aug 29 Last Checked: Aug 29 at 8:31PM

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 Commercial Equities Group, Inc

Investment Insights

Based on property information with market context.

This 2,975-square-foot storefront property at 531 Railroad Ave includes an existing bakery business and a distinctive retro exterior. The current operation is described as a recognized local gathering place with strong Google reviews, adding an established commercial identity to the building.

The property is positioned in downtown Albany, one block from the Lake Wobegon Trail, which supports biking and walking activity from March through October. Nearby businesses and destinations include Kerry Inc., Albany Merchants Hotel, Lake Wobegon Trail Gallery, Rookie’s Sports Bar, Great River Regional Library, Albany Golf Club, and Albany Flower Shop & Gifts. Albany also offers access to I-94 and the greater St. Cloud area.

Key Highlights

  • 2,975‑square‑foot storefront property at 531 Railroad Ave
  • Existing bakery business with strong Google reviews
  • One block from the Lake Wobegon Trail

Property Analytics

Current Use

Albany Home Bakery Bakery

Suggested Use

Top Pick Real Estate Agency Dental Office Grocery & Convenience Store Kitchen & Bath Showroom Bakery (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

291
Businesses Nearby
48k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 71% Dining 28% Hotels & Casinos 2%
Holiday Station Store Shops & Services
25,521 visits/mo 0.2 miles
A&W Restaurant Dining
11,161 visits/mo 0.2 miles
Marathon Shops & Services
3,857 visits/mo 0.3 miles
Albany (Chrysler - Jeep - Dodge - Ram) Shops & Services
3,068 visits/mo 0.4 miles
SUBWAY Dining
2,169 visits/mo 0.2 miles

Demographics for 56307, MN

5,399
Population
2,058
Households
2.6
Avg Household Size
38
Median Age
21%
College-Educated
94%
High-School Grad
105.7 sq mi
ZIP Area
51
Density / Sq Mi
$89,563
Median Household Income
$47,333
Median Earnings
$596
Median Rent
$268,600
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
Rey
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Similar Off Market Nearby

  • Teal's Market 122 8th St, Albany, MN 56307

Frequently Asked Questions

What type of property is this?
Storefront property - Downtown commercial building with an established bakery business and a location near the Lake Wobegon Trail.
Where is this storefront property located?
The property is located at 531 Railroad Ave Albany, MN.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 2,975‑square‑foot storefront property at 531 Railroad Ave; Existing bakery business with strong Google reviews; One block from the Lake Wobegon Trail
(612) 428-3333 Call to check price and availability
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