2102 Main Street E Albert Lea, MN 56007

$875,000
2102 Main Street E, Albert Lea, MN 56007
4086111

Commercial Property for sale in Albert Lea, MN

for $875,000. This 15,554 square foot building was built on a lot size of 1.51 Acre(s).

Property Information

  • $875,000
  • Commercial
  • 15,554 Square Feet
  • Taxes are $12,379
  • Other / Unknown
  • Active
  • Lot size of 1.51 Acre(s)
  • Albert Lea, MN
  • Freeborn County
  • MLS/Web ID is 4086111

Description

Great owner-operator Motel, Independently owned 49 room Motel with spacious 3 bedroom living quarters.Located on a highly visible, high traffic count, main roadway in Albert Lea MN, easy access to I-35 & I-90.Close to restaurants and convenience store. 15 min from Casino. Motel offers continental breakfast, refrigerator, microwave and air conditioning in all rooms plus wireless internet access.

Interior 4

Cooling System

  • Ductless

Heating System

  • Electric
  • Space Heater(s)

Sewer

  • City Sewer

Water Source

  • City Water

Exterior 5

Parking

  • 41-60 Parking Spaces

Road Frontage

  • City Street

Roof

  • Asphalt Shingles

Siding

  • Vinyl

Zoning

  • Hotel/Motel

Miscellaneous 4

Acceptable Finance

  • Cash

Commercial

  • Sale Includes Building
  • Sale Includes Business
  • Sale Includes Land Only

Financing

  • Conventional

Terms

  • Contract For Deed

† Excluded Feature

Neighborhood & Schools

School District: Albert Lea

 See complete school information

Listed By

Broker: LELAND REALTY, INC.

2102 Main Street E, Albert Lea, MN, 56007 is a Commercial Property for sale at $875,000 with 15,554 sqft and a lot size of 1.51 Acre(s). 2102 Main Street E has 0.0 baths. The property's zip code is 56007 which is in Albert Lea, MN

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Market Pricing

Average % of sale price Median % of sale price
All listings in Albert Lea $346,295 60 % below $175,000 80 % below
Commerical listings in Albert Lea $507,181 42 % below $262,450 70 % below

Get the facts about Albert Lea, MN!

Population 17,923
Population Growth (since 2000) -3 %
Median Income $38,543
Median Age 43.43
Households w/ Children 26 %

Residential Dwellings

  • Owned 5465
  • Vacant 611
  • Rented 2282

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