Albert Lea Development Land
Hammer Road, Albert Lea, MN 56007
$449,000
Sale Price
Lease Rate
Property Details
| Sale Price: | |
| Sale Price: | $449,000 |
| Property Type: | Flexible Development Land |
Property Description
This 88.24 acres is located in Albert Lea, Minnesota is prime for redevelopment. Located adjacent from the Albert Lea High School, this site has a variety of potential options for development - from a multi/senior living community, residential, to expansion of industrial that is also adjacent. The currently tilled land is estimated to have 33 acres tillable acreage and 55 acres wetland, a development could have approximately 40 +/- acres buildable.
Highlights
- Located Directly Across from Albert Lea High School
- Flexible in Use
- Surrounding Wetland makes for Great Park Area Potential
- Will Consider Selling of Parcels Individually
Map
Location Description
88 Acres of Raw Land adjacent to Albert Lea High School.
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Available Spaces
Albert Lea MN Development Opportunity| 5 Miles | 10 Miles | 25 Miles | |
|---|---|---|---|
| Total households | 10,965 | 13,059 | 33,272 |
| Total population | 25,598 | 30,875 | 79,532 |
| Population white | 94.3% | 94.9% | 96.1% |
| Population black | 1.1% | 1.0% | 0.8% |
| Population hispanic | 11.5% | 10.3% | 6.7% |
| Population asian | 1.2% | 1.0% | 0.5% |
| Population pacific islander | 0.0% | 0.0% | 0.0% |
| Population american indian | 0.5% | 0.4% | 0.2% |
| Population other | 2.0% | 1.9% | 1.1% |
| Persons per household | 2.3 | 2.4 | 2.4 |
| Average household income | $48,933 | $51,184 | $57,835 |
| Average house value | $113,435 | $132,660 | $158,256 |
| Average age | 43.1 | 43.2 | 43.5 |
| Average age male | 40.8 | 41 | 41.7 |
| Average age female | 45.4 | 45.4 | 45 |
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