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    Us I-90 Albert Lea, MN 56007

    Sponsored
    For Sale
    $557,800

    13.5-acre industrial site, high visibility.

    Property size:
    588,060 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13.5-acre commercial land parcel presents a remarkable investment opportunity in Albert Lea, Minnesota. Strategically located on US I-90, this property boasts 808 feet of prime frontage, ensuring unparalleled visibility for your business. With an impressive daily traffic count of 12,000 vehicles on I-90 and 3,500 vehicles on Sykes Street, this site guarantees high exposure and accessibility. The property is zoned L-1, Limited Industrial, allowing for a diverse range of permitted uses, including manufacturing, warehousing, retail, and consumer services. Its convenient location, less than three-quarters of a mile from the Albert Lea Municipal Airport, coupled with readily available utilities, makes it an ideal site for development. The property's 588,060 square feet are priced at $0.95 per square foot, totaling $557,800. The site's existing infrastructure and proximity to similar businesses create a synergistic environment for growth and success. This is a rare opportunity to acquire a highly visible and versatile industrial site in a thriving location. The APN is R34.391.0010.

    Property Features for 0 Us I-90

    General Information

    Property type
    Land
    Square Feet
    588,060 SF
    Lot Size
    588,060 SF

    HighLights

    • 13.5‑acre commercial land parcel in Albert Lea, MN, ideal for development.
    • 808 feet of I‑90 frontage with high daily traffic counts (12,000 I‑90, 3,500 Sykes Street).
    • L‑1 (Limited Industrial) zoning allows diverse uses including manufacturing, warehousing, retail, and consumer services.
    • Less than 3/4 mile from Albert Lea Municipal Airport with readily available utilities.
    • 588,060 square feet priced at $0.95/SF, totaling $557,800. APN: R34.391.0010.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albert Lea
    County
    27047
    State
    Minnesota
    Longitude
    -93.2886255
    Latitude
    43.6730847

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    FAQs

    What type of property is this?
    Land - 13.5-acre industrial site, high visibility.
    Where is this land located?
    The property is located at Us I-90 Albert Lea, MN.
    What is the asking price?
    The asking price for this property is $557,800.
    What are key features of this property?
    This property features: 13.5-acre commercial land parcel in Albert Lea, MN, ideal for development.; 808 feet of I-90 frontage with high daily traffic counts (12,000 I-90, 3,500 Sykes Street).; L-1 (Limited Industrial) zoning allows diverse uses including manufacturing, warehousing, retail, and consumer services.
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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
    Us I-90 Albert Lea, MN 56007
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