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    Albert Lea, MN
    Mixed-Use

    Albert Lea, MN Mixed-use Properties for Sale

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    Hayward, MN Glenville, MN Clarks Grove, MN Manchester, MN Oakland, MN Hollandale, MN Wells, MN Ellendale, MN
    Quadplex with Commercial Space
    Updated: Jul 3
    Quadplex with Commercial Space

    220 E 7th Street, Albert Lea, MN 56007

    $249,900
    2,800 sqft 0.16 AC lot
    2,800 SF quadplex with four bedrooms and four bathrooms
    Fourth unit is a commercial space currently operating as a laundry service
    Commercial area previously used as a salon and may convert back to salon use or another apartment
    Recent improvements include roof, metal siding, electric services, mini‑splits, paint, and some flooring
    Detached 3‑stall garage, carport, and large gravel parking lot
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    Three-Unit Mixed-Use Building
    Updated: Jun 11
    Three-Unit Mixed-Use Building

    216 Washington Avenue S, Albert Lea, MN 56007

    $109,900
    0.07 AC lot
    Three‑unit configuration with 2 office spaces and 1 apartment
    Two units are currently rented
    Vacant lower unit previously used as office space
    0.073‑acre site at 216 Washington Avenue S
    Block exterior with forced‑air heating and central air
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    Corner Retail and Multifamily Building
    Corner Retail and Multifamily Building

    202 S BROADWAY AVE, Albert Lea, MN 56007

    Contact for pricing
    9,801 sqft

    Turn-of-the-century corner redevelopment building with iconic terrazzo floors and a dry foundation.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 3 Active listings in Albert Lea, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Commercial Building
    Mixed-Use Commercial Building

    301 Main Street North, Austin, MN 55912

    Contact for pricing
    38,551 sqft 0.94 AC lot

    Flexible commercial space with existing tenants, customer parking, and a central Austin location.

    View details
    Mixed-Use Plaza Package
    Mixed-Use Plaza Package

    10 1st SE, Mason City, IA 50401

    $730,000
    4,554 sqft

    Six parcels combine storefronts, upper-level apartments, and mall-facing retail spaces in a central Mason City commercial setting.

    View details
    Five-Building Live-Work Compound
    Five-Building Live-Work Compound

    90917 240th St, Austin, MN 55912

    Contact for pricing
    5,185 sqft

    Five renovated buildings combine residential, showroom, event, shop, barn, and greenhouse space.

    View details
    Mixed-Use Retail/Office Property
    Mixed-Use Retail/Office Property

    30 2nd NE, Mason City, IA 50401

    Contact for pricing

    Updated commercial space includes display windows, signage area, apartments, and a full basement with bathroom.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Cleared Commercial Land
    Cleared Commercial Land

    10th St NW, Austin, MN 55912

    $249,000
    9.17 AC lot

    Level, cleared parcel with paved road access and nearby municipal utilities for commercial or mixed-use development.

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    Albert Lea, MN Mixed-Use Properties Market Trends and Statistics

    Explore 3 mixed-use properties for sale in Albert Lea, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 12,601 square feet of properties for sale, with an estimated market value of $359,800.

    Sale prices for multi use buildings in Albert Lea, MN start at $109,900, averaging $179,900, and reaching up to $249,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 21K
    Population Growth (5Y) +1.4%
    Median Household Income $66,479
    College Educated 24.2%

    High-Yield Neighborhoods for Investment

    Identify Albert Lea submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56007 $179.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.76%
    Property Tax per SF $0.93 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

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