1619 Main Street West

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Address: 1619 W Main St, Albert Lea, MN 56007, USA
Chicago & Midwest + Land/Development
Created date: June 25, 2024
Date last updated: June 17, 2026
Price: $495,000Investment Analyzer NEW!
  • Highway/Main Street Frontage
  • Direct Two-Way (four lane) Access
  • Multi-Family Redevelopment Adjacent
  • Revolving Loan Fund Potential: growalbertlea.com

Property Description

Multi-family developers of former Skyline Mall are selling approximately 1.5 acres of the lot for redevelopment of a retail pad off I-90. Near 50+ multi-family new construction residential, Bomgaars, and a local liquor store. Excellent traffic, visibility and pedestrian access. Shared parking is available for the demised lot and owners can assist in construction if needed.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Land/Development
Lot Size: 1.50 Acres
Opportunity Zone: No
Property Website Click Here
Address: 1619 Main Street West, Albert Lea, MN 56007, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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