0 Clark St, Albert Lea, MN 56007
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.
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.