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For Sale:  Albert Lea MLS# 7008700

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Active
$299,000
/mo Edit
Commercial:  1 Story
Built 1990
0.78 acres
MLS# 7008700
763-576-8286
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    Property Description

    Excellent commercial office/ business opportunity. Property consists of two separate suites. Suite #1 is currently leased out as a restaurant/ donut shop with two years remaining on that lease contract. There is a fully operational Ansul fire suppression system installed as well as a functional drive up order and serve system. This space also includes a 3 compartment sink and grease trap for the commercial kitchen. Suite # 2 is an office space with two offices and or an office with a conference room and reception area. The utility room, restrooms and storage area are presently being shared and are ADA compliant. There are 16 parking spaces available for combined customer parking. Both suites have were renovated in 2021 and are both handicap accessible. New flooring finishes include laminate and carpet. Daily vehicle trips of 7200 as per MNDOT data provides. Exterior patio and seating is available for the coffee shop lease space. In addition an outdoor storage shed serves as storage opportunity.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $299,000
    Property Type: Commercial
    City: Albert Lea
    Garage Spaces: 0
    County: Freeborn
    Year Built: 1990
    State: MN
    Property Style: 1 Story
    Zip Code: 56007

    Interior

    Ceiling Height: 8-10
    Flooring: Carpet, Engineered Hardwood, Luxury Vinyl Plank
    Appliances Included:
    • Electric Water Heater
    • Exhaust Fan
    • Refrigerator
    • Water Softener Owned
    Basement Details: None

    Exterior

    Stories: One
    Garage Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 2,400 ft2
    Foundation Dimensions: 40 x 60
    Fencing: None
    Handicap Accessible: Reduced Height Counters, Doors 36"+, Fully Wheelchair, Grab Bars In Bathroom, Hallways 42"+, Door Lever Handles, No Stairs External, No Stairs Internal
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Concrete
    • Parking Lot
    • Paved Lot
    • Shared Driveway
    Unit Amenities:
    • Cable
    • Kitchen Window
    • Local Area Network
    • Patio
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Storm Sewer
    • Street Lights
    Exterior Material: Block
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Tar/Gravel

    Lot & Land

    Acres: 0.78
    Geolocation: 43.6366026942, -93.3670524944
    Inclusions: Building, Land, Leases
    Lot Dimensions: 170 x 180
    Zoning: Business/Commercial
    Lot Description:
    • Corner Lot
    • Irregular Lot
    • Tree Coverage - Light

    Farm

    Topography: Level

    Schools

    School District: 1141
    District Phone: 5073794800

    Expenses

    Tenant Expenses: Broadband, Common Area Maintenance, Janitorial Service, Telephone, Trash Collection

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $9,744
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $42,269

    Units

    Total Units: 1

    Miscellaneous

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

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Century 21 Atwood.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.