Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2590 Bridge Ave Albert Lea, MN 56007

    Sponsored
    For Sale
    Contact for pricing

    Albert Lea, MN Shopping Center Redevelopment

    Property size:
    49,271 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents 49,271 square feet of retail space within the Northbridge Mall in Albert Lea, Minnesota. Built in 1986, this single-story building sits on a prime location, benefiting from its proximity to Interstate 90, a major transportation artery. Albert Lea's strategic position at the crossroads of I-90 and I-35, just 90 miles south of the Twin Cities metropolitan area, ensures excellent accessibility and strong regional connectivity. The property's advantageous location adjacent to Riverland Community College and Albert Lea High School provides a substantial and stable population base. Furthermore, as the county seat of Freeborn County, Albert Lea boasts long-term job stability, consistent commercial real estate user demand, and the highest household incomes in the region. The B-2 Community Business District zoning allows for a wide range of potential uses, making this a highly versatile investment for owner-users seeking a significant redevelopment project. Consider this space for a variety of uses including, but not limited to, a large church, indoor pickleball courts, skating arena, or big box store. The possibilities are numerous.

    Property Features for 2590 Bridge Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    49,271 SF

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    1

    HighLights

    • 49,271 SF retail shopping center in Albert Lea, MN.
    • Owner/user redevelopment opportunity.
    • Located adjacent to Interstate 90, 90 miles south of the Twin Cities.
    • Situated near Riverland Community College and Albert Lea High School.
    • Located in Freeborn County, the county seat, offering strong job stability and high household incomes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Nail Salon Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albert Lea
    County
    Freeborn
    State
    Minnesota
    Longitude
    -93.357691009462
    Latitude
    43.681968049758

    Nearby Comparable

    • Contact for pricing
      0.14 Acres

      Commercial Land For Sale

      Land for development in a high visibility commercial area.
      Tbd Bridgeport Subdivision, Albert Lea, MN 56007
      View Details
    • $557,800
      13.50 Acres

      Albert Lea Industrial Site

      Visible industrial site with highway access and utility availability.
      Us I-90, Albert Lea, MN 56007
      View Details
    • $2,458,200

      Industrial Land Near Albert Lea Airport

      Prime industrial land with utilities near Albert Lea airport.
      740th W Plaza St, Albert Lea, MN 56007
      View Details
    • Contact for pricing
      0.65 Acres

      Prime Albert Lea Commercial Land

      Walmart Outlot, High-Traffic Location
      0 Blake Ave, Albert Lea, MN 56007
      View Details
    • $2,745,000

      I-35/I-90 Accessible Land Parcels

      Land parcels ideal for light industrial or distribution ventures.
      777th E Main St, Albert Lea, MN 56007
      View Details
    • $329,000

      5 Acre Commercial Lot

      5 acre lot zoned for various business uses.
      2320 E Main St, Albert Lea, MN 56007
      View Details
    • $329,000

      Albert Lea Commercial Land Opportunity

      5-Acre Commercial Lot, Prime Location
      2320 Main St, Albert Lea, MN 56007
      View Details
    • Contact for pricing

      Land with Highway Access

      Land with sewer, water, and high traffic visibility.
      & I-90 Bridge Ave, Albert Lea, MN 56007
      View Details
    • $369,900
      0.28 Acres

      Versatile Commercial Property with Living Space

      Operating car service station with updated residential living space above.
      226 E Clark St, Albert Lea, MN 56007
      View Details

    Nearby Similar for Sale

    • $369,900
      0.28 Acres

      Versatile Commercial Property with Living Space

      Operating car service station with updated residential living space above.
      226 E Clark St, Albert Lea, MN 56007
      View Details
    • $1,374,450
      161.70 Acres

      Productive Farm with Hunting Potential

      161.7 acre farm with tillable land and hunting.
      720xx 255Th St, Albert Lea, MN 56007
      View Details
    • $280,000

      Updated Condo with Lake Views

      Updated 2 bed, 2 bath condo near downtown amenities.
      212 Broadway Ave N, Albert Lea, MN 56007
      View Details
    • $375,000
      15,000 SF

      Mixed-Use Building in Community Heart

      15,000 SF building with retail and office spaces.
      302 S Broadway Ave, Albert Lea, MN 56007
      View Details
    • $1,000,000
      17,200 SF

      Raw Office Space Near Clinic

      Large office building near Mayo Clinic with business opportunities.
      210 N St Mary Ave, Albert Lea, MN
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Albert Lea, MN Shopping Center Redevelopment
    Where is this lifestyle center located?
    The property is located at 2590 Bridge Ave Albert Lea, MN.
    What are key features of this property?
    This property features: 49,271 SF retail shopping center in Albert Lea, MN.; Owner/user redevelopment opportunity.; Located adjacent to Interstate 90, 90 miles south of the Twin Cities.
    Request Owner's contact information
    2590 Bridge Ave Albert Lea, MN 56007
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2590 Bridge Ave
    Albert Lea, MN 56007
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2590 Bridge Ave Albert Lea, MN 56007
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.