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    2590 Bridge Ave Albert Lea, MN 56007

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    For Sale
    Contact for pricing

    Albert Lea, MN Shopping Center Redevelopment

    Property size:
    49,271 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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

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    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.
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    2590 Bridge Ave Albert Lea, MN 56007
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    Albert Lea, MN 56007
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    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
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