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Property profile & analytics
OFF-MARKET
Lifestyle centers

2590 Bridge Ave Albert Lea, MN 56007

49,271 SF Built 1986
Property ID
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents 49,271 square feet of retail space within the Northbridge Mall in Albert Lea, Minnesota. Built in 1986, this single-story building sits on a prime location, benefiting from its proximity to Interstate 90, a major transportation artery. Albert Lea's strategic position at the crossroads of I-90 and I-35, just 90 miles south of the Twin Cities metropolitan area, ensures excellent accessibility and strong regional connectivity. The property's advantageous location adjacent to Riverland Community College and Albert Lea High School provides a substantial and stable population base. Furthermore, as the county seat of Freeborn County, Albert Lea boasts long-term job stability, consistent commercial real estate user demand, and the highest household incomes in the region. The B-2 Community Business District zoning allows for a wide range of potential uses, making this a highly versatile investment for owner-users seeking a significant redevelopment project. Consider this space for a variety of uses including, but not limited to, a large church, indoor pickleball courts, skating arena, or big box store. The possibilities are numerous.

Property profile
Verified
Property type Lifestyle centers
Year built 1986
Total area 49,271 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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