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    OFF-MARKET
    Land

    0 Clark St, Albert Lea, MN 56007

    3.25 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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