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Albert Lea, MN Residential Land & Home Lots for Sale

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Residential Lot in Tiger Ridge
Updated: Apr 29
Residential Lot in Tiger Ridge

1738 Tiger Ridge Court, Albert Lea, MN 56007

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0.46 AC lot
Ready‑to‑build lot with all essential infrastructure in place.
Ideal for a walk‑out basement with views of Goose Lake.
Located on a paved cul‑de‑sac in the Tiger Ridge Neighborhood.
Close proximity to I‑90 & I‑35, shopping, and schools.
Staked/platted lot eliminates land development guesswork.
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Buildable Lot in Albert Lea
Updated: Apr 28
Buildable Lot in Albert Lea

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

$44,000
2.57 AC lot
Great Location on Major Hwy
Rustic and Ready
Various types of businesses will fit
Over 2 Acres
Fully furnished with equipment, tables, chairs etc.
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Buildable Lot in Albert Lea
Buildable Lot in Albert Lea

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

$44,000
2.50 AC lot

2.5 acre buildable lot near town amenities.

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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 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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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
Land

1705 Oakwood Ter, Albert Lea, MN 56007

$35,000

Waterfront Land

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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

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0.77 AC lot

Land · 0.77 Acres

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Land
Land

1701 Oakwood Terrace, Albert Lea, MN 56007

$35,000

Residential land & home lots

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Land
Land

2404 SE Marshall Street, Albert Lea, MN 56007

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Residential land & home lots

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Unimproved Land
Unimproved Land

Albert Lea, MN 56007

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Residential land & home lots

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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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Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 14 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.

Acreage with Double-Insulated Machine Shed
Acreage with Double-Insulated Machine Shed

84852 State Highway 251, Hollandale, MN 56045

$99,900
3.82 AC lot

Developable acreage in Agriculture zoning, improved with a double-insulated machine shed for equipment storage or work space.

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Land
Land

81581 275th St, Hollandale, MN 56045

$100,000

Residential land & home lots

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Land, Geneva, MN
Land, Geneva, MN

103 5th Street NE, Geneva, MN 56035

$40,000
0.46 AC lot

Land · 0.46 Acres

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Land
Land

103 5th Street NE, Geneva, MN 56035

$40,000

Residential land & home lots

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

Explore 14 residential land & home lots for sale in Albert Lea, MN, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 2,541,508 square feet of properties for sale, with an estimated market value of $312,000.

Sale prices for home sites in Albert Lea, MN start at $35,000, averaging $39,000, and reaching up to $49,000 — 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 11
Commercial land 9
Industrial land 3
Agricultural land / Farmland 2
Waterfront Land 2

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 $60K

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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