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For Sale:  Albert Lea MLS# 7052840

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Active NEW!
$800,000
/mo Edit
Commercial:  2 Stories
Built 1999
11.85 acres
Albert Lea schools
MLS# 7052840
763-576-8286
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    Property Description

    Positioned just 1 mile from Interstate 90, this versatile industrial property offers a rare combination of scale, functionality, and future potential. The site features a 12, 330 square foot commercial building on 22 acres, making it ideal for a wide range of industrial and commercial uses. The existing structure includes approximately 7, 670 SF of warehouse space, 4, 000 SF of shop area, along with 330 SF of office space and a 330 SF mezzanine for additional storage. The entire building is insulated and heated, with 20’ interior clear height, 17’ overhead doors, and an existing loading dock plus five additional outdoor dock positions—supporting efficient operations for logistics, manufacturing, or service-based businesses. The expansive acreage provides ample yard space for outdoor storage, fleet parking, or equipment staging, with significant room for future expansion or redevelopment. A secondary partially completed ~8, 000 SF structure adds further upside for an owner-user or investor looking to customize the site. Historically utilized for manufacturing and recycling, the property is well-suited for continued industrial use but also presents strong potential for contractor yards, trucking and logistics operations, equestrian facilities, equipment storage, distribution or other industrial applications. Its flexible layout and abundant land make it adaptable to a variety of business models. Located in a developing corridor with a mix of uses including a nearby assisted living community, electric company, autobody and graphics shop, county offices and church the property offers both accessibility and long-term redevelopment potential.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $800,000
    Property Type: Commercial
    City: Albert Lea
    Garage Spaces: 50
    County: Freeborn
    Year Built: 1999
    State: MN
    Property Style: 2 Stories
    Zip Code: 56007

    Interior

    Ceiling Height: 16-20

    Exterior

    Stories: Two
    Garage Spaces: 50
    Garage Size: 15,670 ft2
    Garage Door Height: 17
    Foundation Size: 20,000 ft2
    Handicap Accessible: No Stairs External
    Heating System:
    • Forced Air
    • In-Floor Heating
    Parking Features:
    • Carport
    • Covered
    • Gravel
    • Heated Garage
    • Insulated Garage
    • Multiple Garages
    • Open
    • Other
    • Parking Lot
    • RV Access/Parking
    • Storage
    Road Frontage: County Road
    Pool: None

    Lake & Waterfront

    Waterfront Present: N
    Waterfront: Pond

    Lot & Land

    Acres: 11.85
    Geolocation: 43.702822, -93.357758
    Inclusions: Building, Business Assets, Fixture/Equipment, Inventory, Land
    Lot Dimensions: 1324 x 723
    Addl Parcels: 130210083
    Zoning:
    • Agriculture
    • Business/Commercial
    • Residential-Multi-Family

    Farm

    Topography: Level

    Schools

    School District: 241
    District Phone: 5073794800

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $10,988
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $10,988

    Units

    Total Units: 2

    Miscellaneous

    Current Use:
    • Industrial
    • Manufacturing
    • Storage Facility
    • Warehouse
    Fuel System: Wood
    Sewer System:
    • City Sewer - In Street
    • Holding Tank
    Available Utilities: Electric Common
    Water System:
    • City Water - In Street
    • Well

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of REMAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.