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    2320 Main St Albert Lea, MN 56007

    • Commercial real estate
    For Sale
    View listing
    $329,000
    Value Estimation
    Location Intelligence
    Property ID
    US46-2267146
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2320 Main St

    Property type
    Commercial real estate
    APN
    34.249.0240
    APU
    342490240

    Description

    This exceptional 5-acre commercial land parcel presents a unique investment opportunity in Albert Lea, Minnesota. Strategically located at 2320 E Main St, this property boasts unparalleled access to Interstate 35, ensuring high visibility and convenient access for businesses and customers. The land is zoned B-2 Community Business District, opening doors to a wide array of potential uses. Imagine a thriving dealership, a state-of-the-art auto repair facility, a comfortable hotel, popular restaurants, a reliable bank, or a modern mini-storage facility – the possibilities are virtually limitless. This prime location offers significant potential for substantial returns. The asking price for this expansive lot is $329,000, translating to $329,000 per square foot. Given its size, location, and zoning, this property represents a rare chance to acquire a highly desirable commercial site in a growing community. The property's address is 2320 E Main St, Albert Lea, MN 56007, situated in Freeborn County. Don't miss this chance to secure a piece of Albert Lea's vibrant commercial landscape. Contact us today to learn more about this exceptional opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albert Lea
    County
    Freeborn
    State
    Minnesota
    Longitude
    -93.3335
    Latitude
    43.6566
    CBSA code
    10660
    CBSA name
    ALBERT LEA, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,758
    $301,500
    $444,800
    $746,300
    -
    $301,500
    $444,800
    $746,300

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    2320 Main St
    Albert Lea, MN 56007
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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