Albert Lea, MN Commercial Property for Sale (6 Real Estate Listings)
Albert Lea, MN Real Estate Statistics
| Average Price | $221K |
|---|---|
| Lowest Price | $7 |
| Highest Price | $875K |
| Total Listings | 121 |
| Avg. Price/SQFT | $1.8K |
Property Types (active listings)
As of October 4, 2024 there are 6 active Albert Lea, MN commercial real estate listings for sale with an average listing price of $146,018. The highest-priced commercial property listing is $359,900, while the lowest priced commercial property can be purchased for $7. Albert Lea, MN Commercial properties for sale have an average price of $119 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 8,690 square feet of living space.
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Albert Lea, MN Commercial Real Estate & Properties
Many options are available if you are looking for commercial real estate in Albert Lea, Minnesota. The city is home to many businesses and industries, making it a great place to invest in commercial property.
There are several different types of commercial real estate available in Albert Lea. You can find office, retail, industrial, and more. No matter what kind of business you want to start or expand, you can find the perfect property in Albert Lea.
The city is also home to many different amenities, making it an attractive place to live and work. Some parks and recreational facilities and various shopping and dining options are available. You will also find that the city is home to several different cultural attractions.
Albert Lea, Minnesota's History
The city of Albert Lea, Minnesota, has a rich history dating back to 1835 when it was named after United States topographer Albert M. Lea. The town was chartered in 1878 and has served as a summer resort for tourists and a hub for the surrounding agricultural area. Albert Lea is also home to several manufacturing facilities. The Freeborn County Historical Museum is a great place to learn more about the history of Albert Lea and Freeborn County. Thanks to the museum, the rich history of this city and region is kept alive and accessible to everyone.
Albert Lea, Minnesota's Demographics
Albert Lea is a city located in Freeborn County, Minnesota. As of 2020, the city's population was 18,588. Albert Lea is the county seat of Freeborn County. The city spans over 15 miles and has a population density of 1,400 people per square mile. The city is growing at a rate of 0.26% annually, and its population has increased by 0.52% since the most recent census (which recorded a population of 18,492 in 2020). Albert Lea is a popular destination for real estate investors; its diverse demographics and strong economic base make it an attractive investment opportunity.
Albert Lea, Minnesota's Geographic Makeup
Albert Lea is a city located in the southeastern part of the state of Minnesota. Albert Lea is at Interstates 35 and 90 and is about 90 miles south of the Twin Cities. The city is on Fountain Lake, Pickerel Lake, Albert Lea Lake, Goose Lake, School Lake, and Lake Chapeau. According to the United States Census Bureau, the city's total area is 14.42 square miles, with a land area of 12.59 square miles and a water area of 1.83 square miles. The elevation of Albert Lea is 1,243 feet.
Albert Lea, Minnesota‘s Economy
The median household income in Albert Lea is $49,737 (higher than the Minnesota state average of $57,409), and the median home value is $131,900 (lower than the Minnesota state average of $211,700). These factors, combined with the city's low crime rate and high quality of life, make Albert Lea an appealing option for investing in real estate.
Albert Lea, Minnesota's Employment
The economy of Albert Lea is focused on manufacturing, health care and social assistance, and retail trade. These industries employ 8.1 thousand people in the city. The largest employer in Albert Lea is Interstate Power and Light Company, which employs 1,838 people in its coal-fired power plant. Other significant employers include Mayo Clinic Health System-Albert Lea and Austin (1,465 people), Walmart (1,010 people), and Albert Lea Medical Center (507 people).
Why Commercial Real Estate In Albert Lea, Minnesota?
Albert Lea is an appealing option for commercial real estate investors for several reasons. The city's diverse economy, low crime rate, and high quality of life make it an attractive investment opportunity. Additionally, the city's location in southeastern Minnesota makes it a convenient place to do business for those based in the Twin Cities metropolitan area. Thanks to Interstate 35 and 90, Albert Lea is also easily accessible for those looking to move their businesses to or from other parts of the state. Albert Lea should be on your radar if you're considering investing in commercial real estate in Minnesota.