201 E Clark Street Albert Lea, MN $ 500,000
201 E Clark Street
$ 500,000
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201 E Clark Street

Albert Lea, MN, 56007
$ 500,000
Bedrooms-- Baths-- Sq 20,100

Monthly Estimate*

$ 3,453

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Commercial Property for sale in Albert Lea, MN

for $500,000. This 20,100 square foot building was built in 1916 on a lot size of 0.407713.

Don't miss out on this opportunity with this extremely well maintained office building with over 20,000sf of furnished floor area located in Albert Lea's downtown Central Business District. Included with these areas are private offices, two large conference rooms, employee breakroom, storage areas and indoor parking. (some of the private offices are provided with a lakeview). All three levels of this building have upper scale office furnishing including, desks, chairs, file cabinetry, modular office wall partitions and much more. The estimated value of these listing furnishings are in the $100,000.00 range and are included with the listing price. The building elevator which services all three levels is currently rendered inoperable but can be placed back into service upon request. There is currently a lease in place for approximately 5000s.f on the main level office area, this lease expires in 2028, a copy of this current lease is available upon request. This building also has a backup power generator that will service the entire building during times of power outages. This building could be utilized for one single tenant or could be easily split into four separate lease spaces.

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Commercial Active

Price

$ 500,000

Property Type

Commercial

Taxes

$ 16,242

Style

Lot Size

0.407713

Year Built

1916

Town/City

Albert Lea

County/Region

Freeborn

MLS | Web ID

7145184

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Common Heating Common Hot Water Common
Roof Age Over 8 Years Flat Rubber
Appliances Electric Water Heater
Garage Spaces 4
Pool Features None
Construction Materials Brick Concrete
Year Built 1916
Tenant Pays Cable TV Common Area Maintenance Janitorial Service Security
View Bay North
Topography Walkout
Levels Three Or More
Tax Year 2026
Current Use Professional/Office Commercial Office
Gross Income 85059.96
Waterfront Features Lake View
Accessibility Doors 36 + Accessible Elevator Installed Fully Wheelchair Grab Bars In Bathroom Hallways 42 + Door Lever Handles
County Freeborn
Net Operating Income 33870.48
Operating Expense 32293.34
Insurance Expense 6992
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 4384
Possible Use Office Professional Service Income Medical/Dental
Directions Property is one block east of N Broadway Ave. on the northeast corner on the intersection on No. Newton Ave. and E. Clark Street. Next door to the east of the Albert Lea City Hall.
City Albert Lea
High School District Albert Lea
Zoning Description Business/Commercial
Number Of Units Total 4
Lot Size Units Square Feet
Land Lease Y/N N
Tax Annual Amount 16242
Electric Expense 13315
Fuel Expense 5607.48
Trash Expense 0
Water Sewer Expense 1124
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit Natural Woodwork Paneled Doors
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Exterior
Fencing None
Parking Features Attached Garage Concrete Floor Drain Garage Door Opener Heated Garage Parking Garage Shared Garage/Stall Tuckunder Garage
Lot Features Corner Lot Tree Coverage - Light Underground Utilities
Water Source City Water/Connected
Inclusions Building Fixture/Equipment Land Leases
Lot Size Area 17760
Building Area Total 20100
Lot Dimensions 240' x 74'
Waterfront Y/N N
Foundation Area 8052
Road Frontage Type City Street Paved Streets Sidewalks Street Lights Storm Sewer
Road Responsibility Public Maintained Road
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Interior
Basement (Y/N) N
Ceiling Height 8-10
Foundation Dimensions 112' x 66'
Fuel Natural Gas
Garage Dimensions 54' x 36'
Garage Square Feet 1944
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Internal Only
Street Number 1 201
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* Excluded Features
List By
Century 21 Atwood

Broker

rick.mummert@gmail.com

Email

Affordability Calculator

$4,807
Per Month
72%
28%
0%
Monthly Principal & Interest
$3,453
Monthly Property Taxes
$1,354
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
708674 Elementary School
708663 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/21/2026$500,000 Listed Price

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201 E Clark Street, Albert Lea, MN, 56007 is a Commercial Property for sale at $500,000 with 20,100 sqft and a lot size of 0.407713. 201 E Clark Street was built in 1916. The property's zip code is 56007 which is in Albert Lea, MN