Listed by Suntide Commercial Realty
$2,950,000
Northbridge Mall, Albert Lea, MN
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 151,630
Tenancy Multi
Price per SqFt $19
Broker Co-Op Yes
Class B
Year Built 1986
Buildings 1
Stories 1
Acreage 13.000
Zoning B-2 Community Business District
Parking Spaces 196 spaces
Parking per 1,000 SqFt 1.29
Investment Type Value Add
Ground Lease No
151,630 SF - Redevelop/Value-Add Opportunity Northbridge Mall - Well Below Replacement Cost
Marketing description
Northbridge Mall is a 151,630 square foot community shopping center, anchored by Dunham's Sports, Harbor Freight, and Mall Cinema, offers a value-add component for buyers in desirable Albert Lea, Minnesota. This property is priced well below replacement cost.
This building's expansive footprint, open layout, and current high vacancy make it an excellent fit for entertainment concepts, destination retail, or mixed-use redevelopment. This property offers
flexibility for customization based on your needs.
This well-placed shopping mall is located near active residential neighborhoods, large corporations, national retailers, along with area population growth make these retail spaces ready for success.
Investment highlights
- Adjacent to Interstate 90
- Albert Lea, MN is at the Crossroads of I-90/I-35 - 90 miles South of Twin Cities
- County Seat of Freeborn County: Ensures Long-Term Job Stability, CRE User Demand, and Highest Household Incomes in Region
Listing Contacts
Listed by Suntide Commercial Realty
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