232 S Broadway Avenue Albert Lea, MN $ 140,000
232 S Broadway Avenue
$ 140,000
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232 S Broadway Avenue

Albert Lea, MN, 56007
$ 140,000
Bedrooms-- Baths0.0 Sq 5,016

Monthly Estimate*

$ 873

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Commercial Property for sale in Albert Lea, MN

for $140,000. This 5,016 square foot building was built in 1940 on a lot size of 0.06 Acre(s).

A historic downtown Albert Lea's retail building with apartments upstairs located right at the intersection of Broadway and Main. This former optometrist's office is in a great location and in great condition. This building is next to a multi million dollar church restoration slated to open in 2023, Main Street restorations were just completed in late 2022, the Broadway Streetscape Project is less than 8 years old and new restoration projects are planned in buildings along Broadway. This building includes the main floor retail space, a large clean unfinished basement and 2nd story apartments. The main floor retail space has a large open space upfront with display windows and 7 workshops/offices to the back of the main floor (some with sinks) as well as a main floor bathroom. There are 2 apartments upstairs and also a 3rd non-conforming room (perfect for a laundry room or flex-space.) This building is a great opportunity to be a part of the new historic downtown Albert Lea.

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Commercial Active

Price

$ 140,000

Property Type

Commercial

Taxes

$ 2,324

Lot Size

0.06 Acre(s)

Year Built

1940

Town/City

Albert Lea

County/Region

Freeborn

MLS | Web ID

6319176

Features
Interior
Basement Full Basement Unfinished
Cooling System Central Air
Heating Source Hot Water
Heating System Forced Air
Sewer City Sewer Storm Sewer
Water Source City Water
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Exterior
Construction Brick/Stone
Land Improvements Curbs Sidewalks Street Lights
Parking 1-20 Open Parking Spaces On Street Parking
Road Frontage City Street Paved Public Maintained Road
Roof Flat Roof Rubber
Separate Utilities Electric Meters Heat
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Miscellaneous
Accessibility Wheel Chair Access Wide Doorways
Commercial Sale Includes Building
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Rental
Owner/Landlord Pays Electric Gas Snow Removal Taxes Trash/Garbage Pickup Water
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* Excluded Features
List By
Robert Hoffman Realty Inc.

Broker

Robert@RobertHoffmanRealty.com

Email

Affordability Calculator

$1,067
Per Month
82%
18%
0%
Monthly Principal & Interest
$873
Monthly Property Taxes
$194
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

Map


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232 S Broadway Avenue, Albert Lea, MN, 56007 is a Commercial Property for sale at $140,000 with 5,016 sqft and a lot size of 0.06 Acre(s). 232 S Broadway Avenue has 0.0 baths and was built in 1940. The property's zip code is 56007 which is in Albert Lea, MN