415 Washington AveAlbert Lea, MN 56007

Property Details for 415 Washington Ave

Property type

Commercial real estate

APN

34.001.4730

APU

340014730

Description

This exceptional Albert Lea, MN property at 415 S Washington Ave presents a unique investment opportunity. The building, constructed in 1908, boasts a total of 16,510 square feet of combined office and warehouse space, currently vacant and ready for immediate occupancy. Classified as a Class C property, it features a desirable blend of executive office and warehouse functionality, making it suitable for a variety of businesses. The building is a two-story structure with two loading docks and three dock-high doors, ensuring efficient loading and unloading operations. A significant advantage is the presence of a full second-floor parking garage, approximately 16,000 square feet (not included in the listed square footage), offering ample parking and potential for additional revenue streams. Historically used for boat and car storage, this unique indoor covered parking area presents a compelling opportunity for supplemental income generation. The asking price for this iconic Albert Lea building is $350,000. Located in Freeborn County, MN, zip code 56007, this property offers substantial potential for a savvy investor seeking a versatile and well-situated commercial space. The ample grade-level doors further enhance the property's functionality and appeal.

Location Insight

City

Albert Lea

County

Freeborn

State

Minnesota

Latitude

43.6462

Longitude

-93.3696

CBSA code

10660

CBSA name

ALBERT LEA, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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