Remarks

Location, Location, Location! This 6.5 +/- acre commercial lot is just off US Hwy I-35 with both north/south and east/west accesses! Albert Lea is seeing development (see list of recent developments under the ""Property Documents"" tab) and is in an area with great US I-35 visibility and E Main Street flowing into downtown Albert Lea. The property is approximately 2.7 miles from the Albert Lea airport. There are many commercial uses in the area and many permitted uses from a development standpoint that range from schools to retail, to fabrication/repair shops, drive-in uses, studios, lumberyards.... Utilities are available and include electric, natural gas, city water, and sewer. While much of the property is currently zoned ""residential"", rezoning is anticipated given the great commercial location.  Rezoning to IDD (Interstate Development District) has been discussed with the City.  This district takes advantage of land that is visible from or adjacent to interstate highways.  Permitted use include some of the following:  retail and consumer services; restaurants; hotels and motels; vehicle sales/services; lumberyards; churches; clubs; medical centers; industrial offices; manufacturing; warehousing; multifamily; retail of low potency cannabis products not more than 5% of the retail products available as measured by existing shelf or display space.

Details

MLS#: 11512659
Price: $975,000

Style: Commercial
Bedrooms: 0
Baths Full: 0
Baths Half: 0
Sq Ft: 0
Year Built: 0

Tax Fee: 0

School District: 000000