510 Water St Albert Lea, MN 56007
Build your dream home on these exceptional residential lots located in Albert Lea, Minnesota, within Freeborn County. These three lots offer a fantastic opportunity for new construction or a savvy investment. Two lots boast generous .30-acre parcels, providing ample space for a substantial home and landscaping, while the third lot offers a comfortable .20-acre footprint. The address is 510 Water St, Albert Lea, MN 56007, conveniently situated with easy access to local amenities and services. The lots are zoned for residential use, allowing for a variety of home styles and designs. This is a rare opportunity to acquire land in a desirable location, perfect for those seeking to build their dream home or add to their investment portfolio. The lots are ready for development, offering a streamlined path to construction. Don't miss out on this chance to secure your piece of Albert Lea. The geographic coordinates are 43.650872 latitude and -93.374337 longitude. Serious inquiries only.
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.