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    OFF-MARKET
    Land

    0 Us I-90, Albert Lea, MN 56007

    588,060 SF 13.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Total area 588,060 SF
    Lot 13.5 ac (588,060 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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