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21133 775 Ave
Albert Lea, MN 56007
Commercial Parcel w/US Hwy I-35 Visibility · Land For Sale
·
6.50 AC
Investment Highlights
- Does your business need a new location with great access to US I-35, downtown Albert Lea, the airport...?
- Albert Lea is seeing development (see list of recent developments under the "Property Documents" tab) and is in an area with great US I-35 visibility
- Some of the commercial uses in the area include: Love's Travel Shop - to the east; Holiday Inn Express; Pro Trucking; Petro; Walmart; Home Depot
- Look no further! This +/-6.5 acre commercial lot is located just off US Hwy I-35; location with both north/south and east/west accesses!
- There are many commercial uses in the area and many permitted uses from a development standpoint
Executive Summary
This 6.5 +/- acre commercial lot is just off US Hwy I-35 with both north/south and east/west accesses!
Albert Lea is seeing development (see list of recent developments under the "Property Documents" tab) and is in an area with great US I-35 visibility and E Main Street flowing into downtown Albert Lea. The property is approximately 2.7 miles from the Albert Lea airport.
There are many commercial uses in the area and many permitted uses from a development standpoint that range from schools to retail, to fabrication/repair shops, drive-in uses, studios, lumberyards....
Utilities are available and include electric, natural gas, city water, and sewer.
While much of the property is currently zoned "residential", rezoning is anticipated given the great commercial location. Rezoning to IDD (Interstate Development District) has been discussed with the City. This district takes advantage of land that is visible from or adjacent to interstate highways. Permitted use include some of the following: retail and consumer services; restaurants; hotels and motels; vehicle sales/services; lumberyards; churches; clubs; medical centers; industrial offices; manufacturing; warehousing; multifamily; retail of low potency cannabis products not more than 5% of the retail products available as measured by existing shelf or display space.
Albert Lea is seeing development (see list of recent developments under the "Property Documents" tab) and is in an area with great US I-35 visibility and E Main Street flowing into downtown Albert Lea. The property is approximately 2.7 miles from the Albert Lea airport.
There are many commercial uses in the area and many permitted uses from a development standpoint that range from schools to retail, to fabrication/repair shops, drive-in uses, studios, lumberyards....
Utilities are available and include electric, natural gas, city water, and sewer.
While much of the property is currently zoned "residential", rezoning is anticipated given the great commercial location. Rezoning to IDD (Interstate Development District) has been discussed with the City. This district takes advantage of land that is visible from or adjacent to interstate highways. Permitted use include some of the following: retail and consumer services; restaurants; hotels and motels; vehicle sales/services; lumberyards; churches; clubs; medical centers; industrial offices; manufacturing; warehousing; multifamily; retail of low potency cannabis products not more than 5% of the retail products available as measured by existing shelf or display space.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 6.50 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Commercial | Cross Streets | I-35 |
| Zoning | B-2 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 6.50 AC |
| No. Stories | 1 |
| Cross Streets | I-35 |
| Zoning | B-2 |
1 Lot Available
Lot
| Price | $1,375,432 CAD | Lot Size | 6.50 AC |
| Price Per AC | $211,604.99 CAD |
| Price | $1,375,432 CAD |
| Price Per AC | $211,604.99 CAD |
| Lot Size | 6.50 AC |
+/- 6.50 acres
Property Taxes
| Parcel Number | 34.398.0190 | Improvements Assessment | $1,834 CAD |
| Land Assessment | $74,062 CAD | Total Assessment | $75,896 CAD |
Property Taxes
Parcel Number
34.398.0190
Land Assessment
$74,062 CAD
Improvements Assessment
$1,834 CAD
Total Assessment
$75,896 CAD
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