For Sale: Albert Lea MLS# 6817775
Active
NEW!
$950,000
Commercial: 2 Stories
Built 1968
2.2 acres
Albert Lea schools
MLS# 6817775
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Property Description
Don't miss out on this new/used car sales and service facility consisting of vehicle showroom, sales and administrative offices, customer waiting area, service and parts sales area, eleven service bays with vehicle lifts, body shop, paint booth, and outdoor vehicle sales lot with the capacity of 100-150 cars. This sales lot was completely resurfaced with new asphalt in 2024 which is completely illuminated. The location on East Main Street in Albert Lea has direct access from Interstate 35 and has in excess of 15, 000 daily vehicles trips/ day. This building is fully sprinkled with a fire suppression system, multiple vehicle lifts in the service and body shop area, service lube equipment/storage, tire change and alignment equipment, multi phone line system, loading dock, updated HVAC systems, large storage mezzanine and much more. There are multiple new and used car lots in this area of Albert Lea with this dealership being located here for over the past 55 years. See more details under the "document" link for this listing. This listed property is currently going through a minor legal description change with the City of Albert Lea and this will be amended in the MLS documents once the final approval is given by the City of Albert Lea.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$950,000
Property Type:
Commercial
City:
Albert Lea
Garage Spaces:
19
County:
Freeborn
Year Built:
1968
State:
MN
Property Style:
2 Stories
Zip Code:
56007
Interior
Ceiling Height:
16-20
Appliances Included:
- Dryer
- Exhaust Fan
- Gas Water Heater
- Range
- Refrigerator
- Water Softener Owned
Basement Details:
None
Exterior
Stories:
Two
Garage Spaces:
19
Garage Dimensions:
106' x 105'
Garage Size:
11,130 ft2
Garage Door Height:
16
Other Parking Spaces:
150
Air Conditioning:
Attic Fan, Central Air
Foundation Size:
17,522 ft2
Foundation Dimensions:
173' x 106'
Handicap Accessible:
Doors 36"+, Grab Bars In Bathroom, Partially Wheelchair
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Attached Garage
- Electric Vehicle Charging Station(s)
- Finished Garage
- Floor Drain
- Garage Door Opener
- Heated Garage
- Insulated Garage
- Multiple Garages
- Parking Lot
Shared Amenities:
Fire Sprinkler System
Unit Amenities:
- Cable
- Ceiling Fan(s)
- Indoor Sprinklers
- Multiple Phone Lines
- Washer/Dryer Hookup
Road Frontage:
None
Exterior Material:
Steel Siding
Roof Details:
- Age Over 8 Years
- Metal
- Pitched
Lot & Land
Acres:
2.2
Geolocation:
43.6536437333, -93.3393249374
Inclusions:
Building, Fixture/Equipment, Land
Lot Dimensions:
420' x 245'
Zoning:
Business/Commercial
Lot Description:
- Corner Lot
- Some Trees
Farm
Topography:
Level
Schools
School District:
241
District Phone:
507-379-4800
Expenses
Tenant Expenses:
All Utilities, Cable TV, Electricity, Fuel, Gas, Insurance, Janitorial Service, Grounds Care, Repairs
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$18,528
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$18,528
Income
Annual Gross Income:
$192,000
Units
Total Units:
1
Miscellaneous
Current Use:
- Automotive
- Commercial
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Common
Water System:
City Water/Connected
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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.
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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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.