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Albert Lea, MN Residential Land & Home Lots for Sale

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Residential Land in Albert Lea
Updated: Feb 5
Residential Land in Albert Lea

Stevens St, Albert Lea, MN 56007

$299,000
3.62 AC lot
3.62 acres of Residential Non‑homestead land
Utilities (electricity, water, fiber) already in place
Prime location for development off Stevens St, Albert Lea
Great access off a paved road
Heavy traffic corridor
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Albert Lea Vacant Land Opportunity
Updated: Feb 5
Albert Lea Vacant Land Opportunity

Bridge Ave, Albert Lea, MN 56007

$249,000
4.73 AC lot
4.73 acres of Residential Non‑homestead land on Bridge Street.
Electricity, water, and fiber already in place.
Prime location for development due to proximity to key transportation hubs.
Great access off a paved road.
City ranked as a "Top Affordable Small Town".
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Residential Lot in Tiger Ridge
Residential Lot in Tiger Ridge

1738 Tiger Ridge Court, Albert Lea, MN 56007

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0.46 AC lot

Nearly half-acre lot ready for your dream home.

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Unimproved Land
Unimproved Land

Albert Lea, MN 56007

$35,000

Residential land & home lots

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Buildable Lot in Albert Lea
Buildable Lot in Albert Lea

TBD (Lot 1) Wildwood Circle, Albert Lea, MN 56007

$46,500
2.57 AC lot

2.57 acre buildable lot near town amenities.

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Buildable Lot in Albert Lea
Buildable Lot in Albert Lea

TBD (Lot 2) Wildwood Circle, Albert Lea, MN 56007

$46,500
2.50 AC lot

2.5 acre buildable lot near town amenities.

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Residential Land in Albert Lea
Residential Land in Albert Lea

1609 Country Club Road, Albert Lea, MN 56007

$49,000
1.06 AC lot

1.06 acre residential land for sale in Albert Lea, MN.

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Unimproved Land
Unimproved Land

Albert Lea, MN 56007

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Residential land & home lots

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Residential Lot in Quiet Neighborhood
Residential Lot in Quiet Neighborhood

1629 Seath Drive, Albert Lea, MN 56007

$35,000
1.17 AC lot

Residential lot in Albert Lea, Minnesota, totaling 1.174 acres.

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LAND - Albert Lea, MN
LAND - Albert Lea, MN

1701 Oakwood Terrace, Albert Lea, MN 56007

$35,000
0.33 AC lot

Land · 0.33 Acres

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Land for Custom-Built Homes
Land for Custom-Built Homes

Lakeview Blvd & W Richway Dr, Albert Lea, MN

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49.15 AC lot

Land with natural beauty ideal for custom-built homes.

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LAND - Albert Lea, MN
LAND - Albert Lea, MN

1705 Oakwood Terrace, Albert Lea, MN 56007

$35,000
0.33 AC lot

Land · 0.33 Acres

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LAND - Albert Lea, MN
LAND - Albert Lea, MN

2021 Stevens Street, Albert Lea, MN 56007

$35,000
0.77 AC lot

Land · 0.77 Acres

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Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 13 Active listings in Albert Lea, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Land
Land

1303 28th Ave Ne, Austin, MN 55912

$50,000

Residential land & home lots

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Ready-to-Build Residential Lot
Ready-to-Build Residential Lot

403 27th Dr Nw, Austin, MN 55912

$75,000

Level, ready-to-build lot with utility hookups nearby and no builder or association restrictions beyond city, county, and state requirements.

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Residential Land in Rose Creek
Residential Land in Rose Creek

TBD 4 Overlie Place, Rose Creek, MN 55970

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0.60 AC lot

Large residential lots in established Rose Creek home development.

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Residential Lots in Rose Creek
Residential Lots in Rose Creek

TBD 5 Overlie Place, Rose Creek, MN 55970

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0.63 AC lot

Large residential lots in established Rose Creek subdivision.

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Albert Lea, MN Residential Land & Home Lots Market Trends and Statistics

Explore 13 residential land & home lots for sale in Albert Lea, MN, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 2,905,234 square feet of properties for sale, with an estimated market value of $865,000.

Sale prices for home sites in Albert Lea, MN start at $35,000, averaging $86,500, and reaching up to $299,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Residential land & home lots 10
Commercial land 9
Industrial land 4

Demographics Overview

Population 21K
Population Growth (5Y) +1.4%
Median Household Income $66,479
College Educated 24.2%

High-Yield Neighborhoods for Investment

Identify Albert Lea submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
56007 $83.2K

Taxes & Financing

Tax Rate (average for all types) 2.76%
Property Tax per SF $0.93 per SF
Tax Rate vs County Average 0.01 pp above county avg
Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Albert Lea fall within the 1 to 5 acres range.

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