101 Newton AveAlbert Lea, MN 56007

  • Other commercial real estate
For Lease
$12/SF/YR View listing

Property Details for 101 Newton Ave

Property type
Other commercial real estate
APN
34.001.1460
APU
340011460

Description

This exceptional 1,328 square foot commercial property, located at 101 S Newton Ave in the heart of downtown Albert Lea, Minnesota, presents a unique investment opportunity. The building, classified as Class B, boasts a versatile layout suitable for a variety of uses, including traditional office, executive office, coworking space, medical office, or creative office. The single-tenant occupancy offers flexibility and control. Built across two stories, the space provides ample room for various business needs. A significant renovation was completed in 2020, ensuring modern amenities and functionality. The property features a robust 200-amp electrical service, guaranteeing sufficient power for modern business operations. Taxes and insurance are covered by the owner, minimizing operational expenses for the tenant. The property's central downtown location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in Albert Lea. The building's adaptable design caters to diverse business requirements, offering a blend of practicality and aesthetic appeal. This is a prime opportunity to secure a well-maintained, centrally located commercial space in a thriving Minnesota community. The zip code is 56007.

101 Newton Ave, Albert Lea, Minnesota
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Location Insight

City
Albert Lea
County
Freeborn
State
Minnesota
Latitude
43.6496
Longitude
-93.3671
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
$1,178
$11,400
$41,500
$52,900
-
$11,400
$41,500
$52,900

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