2590 Bridge Ave Albert Lea, MN 56007
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.