Property profile

0 Clark St Albert Lea, MN 56007

OFF-MARKET
Land
3.25 ac lot
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Property summary

AI-generated overview

This exceptional 3.25-acre commercial lot presents a remarkable development opportunity in the heart of Albert Lea, Minnesota. Located on W Clark St, in Freeborn County, zip code 56007 (latitude 43.6497165, longitude -93.3790926), this property offers significant potential for a variety of commercial ventures. The asking price is $150,000. The land itself is zoned for commercial use (specific zoning details available upon request). Adding to its appeal, the property includes an existing garage and workshop, providing immediate utility and potential for repurposing or renovation. This presents a significant advantage for developers, reducing initial infrastructure costs and offering immediate space for operations or storage during the development phase. Its prime location near the downtown area ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a thriving community. The property's size allows for substantial development, accommodating a range of projects from smaller retail spaces to larger-scale commercial buildings. Serious inquiries are encouraged to explore the full potential of this exceptional development opportunity. All information is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence.

Property profile

Verified
Property type Land
Lot 3.25 ac (141,570 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Clark St Albert Lea, MN 56007
Albert Lea metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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