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Active
$219,900
/mo Edit
Commercial:  2 Stories
Built 1926
0.05 acres
Albert Lea schools
MLS# 6350410
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    Property Description

    Excellent investment opportunity , with this well kept gem in downtown Albert Lea. Within blocks of Fountain Lake and clinic. Well maintained! Huge main floor office area or could be used for any other type of business. Lots of updates throughout the main floor. 2 apartments up , that are well maintained and currently rented. Lots of charm on upper level also. with separate entry for upstairs apartment. This is an over all nice building, it will not disappoint . Priced to sell.

    Listing

    Contingency: None
    City: Albert Lea
    County: Freeborn
    State: MN
    Property Style: 2 Stories
    Zip Code: 56007

    Interior

    Ranges: Two
    Refrigerators: Two
    Appliances Included:
    • Dryer
    • Gas Water Heater
    • Range
    • Refrigerator
    • Washer

    Exterior

    Stories: Two
    Garage Spaces: 0
    Garage Dimensions: 0
    Garage Door Height: 0
    Garage Door Width: 0
    Other Parking Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 1,053 ft2
    Foundation Dimensions: 40x26
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: None
    Shared Amenities:
    • Coin-op Laundry Owned
    • Concrete Floors & Walls
    Unit Amenities:
    • Cable
    • City View
    • Hardwood Floors
    • Kitchen Window
    • Natural Woodwork
    Road Frontage: City Street
    Exterior Material: Brick/Stone
    Roof Details: Flat

    Lot & Land

    Acres: 0.05
    Geolocation: 43.64994000, -93.37080900
    Inclusions: Building
    Lot Dimensions: .05
    Zoning: Business/Commercial

    Schools

    School District: 241
    District Phone: 507-379-4800

    Expenses

    Annual Gross Expense: $1,204

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $1,610
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $1,676

    Income

    Annual Gross Income: $17,400

    Rent

    Annual Net Income: $174,500

    Units

    Total Units: 3

    Miscellaneous

    Current Use:
    • Office
    • Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Electric Separate
    • Heating Common
    • Heating Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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.
    It would be our pleasure to assist you with your home purchase!

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    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.