Sold: Albert Lea MLS# 5646727
Sold
$397,900 (list price)
$340,000
Commercial: 1 Story
Built 1966
Albert Lea schools
MLS# 5646727
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Property Description
New Veterans Administration Clinic is next door. This is a fantastic location for redevelopment or for income from 4 leased commercial spaces. This is a high traffic location on a state highway surrounded by hotels, restaurants, retail outlets and assorted service businesses just off Interstate 35 and very close to Interstate 90. The level lots total approximately 1.98 acres with a frontage road between the lot and highway and a street behind the property for service access and deliveries.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$397,900
Sold Price:
$340,000
Sold Date:
08/15/2023
Property Type:
Commercial
City:
Albert Lea
Garage Spaces:
0
County:
Freeborn
Year Built:
1966
State:
MN
Property Style:
1 Story
Zip Code:
56007
Interior
Basement Details:
None
Exterior
Garage Spaces:
0
Other Parking Spaces:
40
Air Conditioning:
Central Air
Heating System:
Forced Air
Foundation Size:
11,539 ft2
Handicap Accessible:
Partially Wheelchair
Exterior Material:
- Block
- Metal Siding
- Other
- Wood Siding
Roof Details:
- Asphalt
- Flat
- Pitched
- Rubber
Lot
Acres:
0
Geolocation:
43.65524492, -93.33918222
Lot Dimensions:
304 x 288
Topography:
Level
Zoning:
Business/Commercial
Schools
School District:
241
District Phone:
507-379-4800
Expenses
Tenant Expenses:
Electricity, Fuel, Janitorial Service, Repairs, Trash Collection, Water
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$19,727
Assessment Pending:
Unknown
Taxes w/ Assessments:
$20,556
Income
Annual Gross Income:
$54,660
Unit
Total Units:
5
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Office
- Professional Service
- Retail
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Unique Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.