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    Blake Ave Albert Lea, MN 56007

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    For Sale
    Contact for pricing

    Walmart Outlot, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.65-acre commercial land parcel presents a unique investment opportunity in Albert Lea, Minnesota. Strategically situated between Highway 65 and Interstate 35W, this property enjoys unparalleled visibility and accessibility. The location benefits from the significant retail growth currently underway in the area, ensuring strong potential for future development. The site's proximity to both Interstate 90 and downtown Albert Lea provides convenient access to a large customer base and a thriving community. The property is classified as commercial land and is ideal for a variety of uses, capitalizing on its prime location within a busy retail corridor. Its size offers ample space for development, making it an attractive option for businesses seeking a high-traffic location with excellent visibility. The address is 11550 Blake Ave, Albert Lea, MN 56007, in Freeborn County. This is a rare opportunity to acquire a well-positioned commercial lot in a growing market, offering significant potential for return on investment. The property's location offers easy access to major transportation arteries, connecting businesses to a wider regional market. This makes it an attractive proposition for businesses seeking a strategic location to expand their reach and tap into a robust consumer base. The site's potential is further enhanced by the existing retail development in the immediate vicinity, creating a synergistic environment for new businesses.

    Property Features for 0 Blake Ave

    General Information

    Property type
    Land
    Lot Size
    28,314 SF

    HighLights

    • Excellent Hwy 65 & I‑35W location.
    • Strong retail market growth.
    • Convenient access to I‑90 and downtown Albert Lea.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albert Lea
    County
    Freeborn
    State
    Minnesota
    Longitude
    -93.32876318
    Latitude
    43.66282289

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    FAQs

    What type of property is this?
    Land - Walmart Outlot, High-Traffic Location
    Where is this land located?
    The property is located at Blake Ave Albert Lea, MN.
    What are key features of this property?
    This property features: Excellent Hwy 65 & I-35W location.; Strong retail market growth.; Convenient access to I-90 and downtown Albert Lea.
    Request Owner's contact information
    Blake Ave 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
    Blake Ave Albert Lea, MN 56007
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