Listed by NAI North Star
$250,000
Albert Lea
Details
Property Type Land
Sub Type Commercial, Retail/Office Development Lot
Price Per Acre $330,000
Acreage 1.500
Land | 1.5 acres
Marketing 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.
This parcel is located in Albert Lea, Minnesota 4 miles west of Interstate 90. This development site is adjacent a new 50+ unit multi-family development, Skye Lofts. Shared parking, buildout incentives and more are negotiable for the right user.
Investment highlights
- Highway/Main Street Frontage
- Direct Two-Way (four lane) Access
- Multi-Family Redevelopment Adjacent
- Revolving Loan Fund Potential: growalbertlea.com
Listing Contacts
Listed by NAI North Star
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Zoning
P-D PlannedPlanned Development District
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View all 8 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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