Find Your Dream Home: Search 10,000+ Homes for Sale

Albert Lea, MN 56007

$209,900

Property Type: Commercial Square Footage: 1,591 Lot Size (sq. ft.): 22,651 Status: Active

Current Price: $209,900 List Date: 3/15/2026 Last Modified: 7/03/2026

Overview

Description

Look no further! If you’ve been searching for the perfect location to run the business you’ve always dreamed of, this could be the opportunity you’ve been waiting for. Located on the corner of SE Marshall St. and E. Main St., this property offers excellent visibility from both roads, with E. Main St. seeing approximately 15,200 trips count . The building features 1,566 square feet and has been extensively renovated with many newer upgrades. Improvements include roof, siding, exterior paint, windows, commercial exterior doors, partial new construction, insulation, sheetrock, interior paint, updated electrical service, plumbing, water heater, and two mini-split heat pump/air conditioning units, 3 entry doors, along with additional updates throughout. The property also includes a bathroom and mechanical room. Outside, you’ll find a large parking lot for customers, plus the added bonus of a two-stall garage for storage or additional workspace. The possibilities here ar ... (Read more)

Listing Details MLS# 7036230

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1988
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 1591
Garage Stalls: 2
For Sale or Lease: For Sale
Acres: 0.52
Lot Dimensions: 115' x 124'
Assessment Pending: Yes
Other Parking Spaces: 0

Property Features

Accessible: Door Lever Handles; Doors 36"+; Grab Bars In Bathroom Air Conditioning: Dual Assumable Loan: Not Assumable Basement: None CMU Style: Mixed Use; Office; Retail/Shopping Center; Storage Unit Construction Materials: Frame Construction Status: Previously Owned Current Use: Commercial; Vacant Existing Financing: Conventional Exterior: Fiber Board Fencing: None Flooring: Concrete Slab Foundation: Permanent; Slab Fuel: Electric; Natural Gas Internet Options: Cable Loan Terms: Cash; Contract for Deed; Conventional Lock Box Type: Supra Lot Description: Corner Lot; Tree Coverage - Light; Underground Utilities Miscellaneous Information: Out Buildings; Overhead Doors; Single Phase On Site Utilities: Electric Common Overhead Door Clearance: 0-9 Feet Parking Characteristics: Parking Lot; Gravel Lot Pool Description: None Potential Use: Office; Other; Retail; Wholesale Road Frontage: City Street; County Road; Curbs; Paved Streets; Sidewalks; State Road; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Architectural Shingle; Asphalt Shingles; Pitched Sewer: City Sewer/Connected Stories: One Topography: Gently Rolling Wall Description: Drywall; Finished; Insulated Water: City Water/Connected Window Features: Aluminum Frames; Double Pane Windows; Insulated Windows

Contract Information

Contingency: None
ListPrice: 209900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Albert Lea
County: Freeborn
State: MN
Zip Code: 56007

Assessments

Assessment Balance: 14821
Assessment Installment: 1904.97
Tax With Assessments: 6512

Basement

Foundation Dimensions: 79' x 26'
None: Yes

More Information

Building Information

Building Finished SqFt: 1566
Building SqFt: 1591
Ceiling Height: 8-10

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: SEMR
Supra: Yes

Miscellaneous Information

Homestead: No
Out Buildings: Yes
Overhead Doors: Yes
Single Phase: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 26' x 24'
Garage Square Feet: 624
Parking Lot: Yes
Gravel Lot: Yes

Sale Options

Sale Includes: Building

Unit Details

Total Units: Yes

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: Lots 3-8 incl & subj to HWY EASEMENT Blk. 7 Home Addition Exc. HWY ROW Acquired April 1999.
Listing City: Albert Lea
Map Page: 999
Municipality: Albert Lea
School District: Albert Lea
School District Phone: 507-379-4800
Property ID Number: 341801760
Tax Year: 2026
Tax Amount: 4607.03
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Look no further! If you’ve been searching for the perfect location to run the business you’ve always dreamed of, this could be the opportunity you’ve been waiting for. Located on the corner of SE Marshall St. and E. Main St., this property offers excellent visibility from both roads, with E. Main St. seeing approximately 15,200 trips count . The building features 1,566 square feet and has been extensively renovated with many newer upgrades. Improvements include roof, siding, exterior paint, windows, commercial exterior doors, partial new construction, insulation, sheetrock, interior paint, updated electrical service, plumbing, water heater, and two mini-split heat pump/air conditioning units, 3 entry doors, along with additional updates throughout. The property also includes a bathroom and mechanical room. Outside, you’ll find a large parking lot for customers, plus the added bonus of a two-stall garage for storage or additional workspace. The possibilities here are endless—start a new business, relocate your existing business, or convert the space for retail, office, or service use. Conveniently located just two blocks from beautiful Fountain Lake, this commercial property offers both visibility and opportunity. Priced to sell—don’t miss out on this great opportunity!
Directions: North on Bridge Ave to East on Marshall St. I 35 to Highway 46 (Main Street West) to West on South East Marshall St. (Property located on the corner of SE Marshall St and Main Street.

Accessible

Door Lever Handles: Yes
Doors 36"+: Yes
Grab Bars In Bathroom: Yes

Air Conditioning

Dual: Yes

Assumable Loan

Not Assumable: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Fiber Board: Yes

Fencing

None: Yes

Flooring

Concrete Slab: Yes

Foundation

Permanent: Yes
Slab: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Internet Options

Cable: Yes

Lot Description

Corner Lot: Yes
Tree Coverage - Light: Yes
Underground Utilities: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes
County Road: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes
State Road: Yes
Storm Sewer: Yes
Street Lights: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Architectural Shingle: Yes
Asphalt Shingles: Yes
Pitched: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Topography

Gently Rolling: Yes

Wall Description

Drywall: Yes
Finished: Yes
Insulated: Yes

Water

City Water/Connected: Yes

Window Features

Aluminum Frames: Yes
Double Pane Windows: Yes
Insulated Windows: Yes

No. of Ranges

None: Yes

No. of Refrigerators

None: Yes

On Site Utilities

Electric Common: Yes

CMU Style

Mixed Use: Yes
Office: Yes
Retail/Shopping Center: Yes
Storage Unit: Yes

Current Use

Commercial: Yes
Vacant: Yes

Loan Terms

Cash: Yes
Contract for Deed: Yes
Conventional: Yes

Overhead Door Clearance

0-9 Feet: Yes

Potential Use

Office: Yes
Other: Yes
Retail: Yes
Wholesale: Yes

Listing Office: Unique Realty

Last Updated: July - 03 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.