Property profile

0 Us I-90 Albert Lea, MN 56007

OFF-MARKET
Land
588,060 SF 13.5 ac lot
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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

Location

Us I-90 Albert Lea, MN 56007
Albert Lea metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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