407-409 Park Avenue Albert Lea, MN $ 599,000
407-409 Park Avenue
$ 599,000
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407-409 Park Avenue

Albert Lea, MN, 56007
$ 599,000
Baths0.0 Sq 6,298

Monthly Estimate*

$ 3,981

407-409 Park Avenue, Albert Lea, MN 56007 - Image 1
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Studio

Commercial Property for sale in Albert Lea, MN

for $599,000. This 6,298 square foot building was built in 1927 on a lot size of 0.24.

Centrally located in Business District Across the Street from Albert Lea Hospital! One of Albert Leas gems offering 8-2 Bedroom units 1-1 bedroom unit. Coin operated Laundry on Site. Lake Views Fountain Lake...

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Commercial Pending

Price

$ 599,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,300

Style

Apartment

Lot Size

0.24

Year Built

1927

Town/City

Albert Lea

County/Region

Freeborn

MLS | Web ID

6478121

Features
General
Sewer City Sewer/Connected
Heating Hot Water
Cooling Window Unit(s)
Utilities Electric Separate Heating Common Hot Water Common
Roof Age Over 8 Years
Appliances Range Refrigerator
Garage Spaces 7
Construction Materials Brick/Stone
Year Built 1927
Tenant Pays Electricity
Topography Level
Levels Two
Property SubType Apartment
Tax Year 2024
Current Use Residential
Waterfront Features Lake View
Accessibility None
County Freeborn
Property Type Commercial Sale
Association Amenities Coin-op Laundry Owned
Contingency None
Subdivision Name Rodli & Hises Sub
Directions Right access the street of Hospital.
City Albert Lea
Buyer Agent Compensation 2.50
Body of Water Fountain
High School District Albert Lea
Zoning Description Residential-Multi-Family
Total Units 9
Waterfront Y/N N
Street Name Park
Land Lease Y/N N
Tax Annual Amount 10300
Additional Parcels Y/N N
Days on Market 28
Standard Status Pending
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Full
Basement (Y/N) Y
Street Suffix Avenue
Fuel Natural Gas
Lake Acres 521
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Exterior
Parking Features Concrete Garage Door Opener Tuckunder Garage
Water Source City Water/Connected
Inclusions Building Fixture/Equipment Leases Rental License
Lot Size Area 0.24
Building Area Total 6298
Lot Dimensions 79x130
Lot Size Units Acres
Foundation Area 3199
Road Frontage Type City Street Curbs Paved Streets Sidewalks
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 407
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* Excluded Features
List By
Edina Realty, Inc.

Broker

kimandmarciaberg@edinarealty.com

Email

Affordability Calculator

$4,839
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,981
Monthly Property Taxes
$858
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
708674 Elementary School
708663 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/16/2024$599,000 Listed Price

Map


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407-409 Park Avenue, Albert Lea, MN, 56007 is a Commercial Property for sale at $599,000 with 6,298 sqft and a lot size of 0.24. 407-409 Park Avenue is a studio with 0.0 baths and was built in 1927. The property's zip code is 56007 which is in Albert Lea, MN