202 S Broadway Ave - Storefront Retail/Residential FOR SALE


Albert Lea, MN 56007
$499,900 USD
507-402-4692
202 S Broadway Ave, Albert Lea, MN for Sale
$499,900 USD
Storefront Retail/Residential - FOR SALE
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null | Request Cap Rate

202 S Broadway Ave
Albert Lea, MN 56007


HIGHLIGHTS

  • Historic downtown building with four levels of versatile commercial space.
  • Former jewelry store on the main level with a well-finished basement offering additional functional area.
  • Expansive upper floors featuring soaring fourteen-foot ceilings suitable for office conversion, creative studios, or apartment development.
  • Third-floor former karate studio providing a large open layout ideal for fitness, recreation, or specialty use.
  • Prime location in the heart of Albert Lea’s historically preserved downtown district surrounded by restaurants, retail, salons, professional services.

OVERVIEW

Longtime former Jewelry Store with Karate Studio on the upper level and a nicely finished basement located right in the heart of Historic Downtown Albert Lea on Broadway Ave. Over 3000 square feet per floor with 4 floors of space including the finished basement, main floor former jewelry store, 2nd floor that could be developed into offices or apartments with 14 foot ceilings and the 3rd floor that had a large karate studio occupying it. There is a lot of space in this large historic downtown building. This building is located right in the heart of a historically intact downtown that has a handful of shops and restaurants including some brand new restaurants right across the street and one-block away as well as established shopping, apartments, gyms, salons, professional services and bar/pubs near by. This building has been owner occupied for close to 30 years and is a rare find to have so much space in a downtown building and only blocks from Albert Lea's Fountain Lake Park.

FOR SALE DETAILS

PRICE

$499,900 USD

PRICE/SF

$38 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,722 SF

ZONING

-

APN/PARCEL ID

34.001.2790

ASK ABOUT THIS PROPERTY

Robert HoffmanRobert Hoffman Realty, Inc.More Info
507-402-4692

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Robert HoffmanRobert Hoffman Realty, Inc.More Info
507-402-4692

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.