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108 Adams Avenue Albert Lea, MN $ 215,000
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$ 215,000 Get more info
108 Adams Avenue
$ 215,000
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108 Adams Avenue

Albert Lea, MN, 56007
$ 215,000
Bedrooms-- Baths0.0 Sq 2,951

Monthly Estimate*

$ 1,341

108 Adams Avenue, Albert Lea, MN 56007 - Image 1
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108 Adams Avenue, Albert Lea, MN 56007 - Image 9

Commercial Property for sale in Albert Lea, MN

for $215,000. This 2,951 square foot building was built in 1880 on a lot size of 0.37 Acre(s).

This 5-unit apartment building is on a larger corner lot full of oak trees in the center of town. It is a 2-story building that has 2 2-bedroom units, 2 1-bedrom units and a efficiency apartment. The coin operated laundry, new boiler, water heater and water softener are in the basement. The owner pays for gas, water and trash, the tenants pay for their own electricity and cable/wifi. There is an off-street parking spot for each unit. Along with the new boiler in 2022 new sidewalks were also completed. The property is 100% occupied.

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Commercial Active

Price

$ 215,000

Property Type

Commercial

Taxes

$ 5,022

Lot Size

0.37 Acre(s)

Year Built

1880

Town/City

Albert Lea

County/Region

Freeborn

MLS | Web ID

6318840
Features
Interior
Appliances Coin Operated Washer/Dryer Range Refrigerator Water Softener
Basement Full Basement Partially Finished
Cooling System Window Unit(s)
Heating Source Hot Water
Heating System Boiler Common
Sewer City Sewer
Water Source City Water
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Exterior
Construction Stucco
Land Improvements Sidewalks
Lot Description Irregular Lot Sloping
Parking 1-20 Open Parking Spaces Gravel Parking Lot
Road Frontage City Street Public Maintained Road
Roof Asphalt Shingles Pitched/Sloped
Separate Utilities Electric Meters
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Miscellaneous
Commercial Sale Includes Building Sale Includes Fixture/Equip Sale Includes Land
Documents Leases
Other License
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Rental
Tenant Pays Cable Electric
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* Excluded Features
List By
Robert Hoffman Realty Inc.

Broker

Robert@RobertHoffmanRealty.com

Email

Affordability Calculator

$1,760
Per Month
76%
24%
0%
Monthly Principal & Interest
$1,341
Monthly Property Taxes
$419
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
Albert Lea School District
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Pricing History
DatePricePrice ChangeDescription
3/1/2023$215,000 -4.44% Price Down
12/27/2022$225,000 Listed Price

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108 Adams Avenue, Albert Lea, MN, 56007 is a Commercial Property for sale at $215,000 with 2,951 sqft and a lot size of 0.37 Acre(s). 108 Adams Avenue has 0.0 baths and was built in 1880. The property's zip code is 56007 which is in Albert Lea, MN

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