$499,900

202 S Broadway Avenue, Albert Lea, MN 56007

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$499,900

(25,100) 11/25/2025

202 S Broadway Avenue Albert Lea, MN 56007

For Sale MLS# 6726913

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Data current as of 16/12/2025 06:46:09

Details for 202 S Broadway Avenue

MLS# 6726913

Description for 202 S Broadway Avenue, Albert Lea, MN, 56007


Longtime former Jewelry Store with Karate Studio on the upper level and a nicely finished basement located right in the heart of Historic Downtown Albert Lea on Broadway Ave. Over 3000 square feet per floor with 4 floors of space including the finished basement, main floor former jewelry store, 2nd floor that could be developed into offices or apartments with 14 foot ceilings and the 3rd floor that had a large karate studio occupying it. There is a lot of space in this large historic downtown building. This building is located right in the heart of a historically intact downtown that has a handful of shops and restaurants including some brand new restaurants right across the street and one-block away as well as established shopping, apartments, gyms, salons, professional services and bar/pubs near by. This building has been owner occupied for close to 30 years and is a rare find to have so much space in a downtown building and only blocks from Albert Lea's Fountain Lake Park.

Listing Information


Property Type: Commercial

Status: Active

Lot Size: 0.06 Acres

Square Feet: 13,068 sq ft

Year Built: 1890

Foundation: 3,267 sq ft

Stories: Three Or More

Number Of Units Total: 4

Current Use: Commercial,Event Space,Office,Retail

County: Freeborn

Days On Market: 205

Construction Status: Previously Owned

School Information


District: 241 - Albert Lea

Interior Features


Basement: Finished (Livable), Full

Accessibility: Other

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Other Utilities: Electric Common,Heating Separate,Hot Water Common

Cooling: Central

Heating: Forced Air, Natural Gas

Exterior / Lot Features


Parking Description: On-Street Parking Only

Exterior: Steel Siding, Brick/Stone

Roof: Age Over 8 Years

Lot Dimensions: 27x121

Zoning: Business/Commercial

Additional Exterior/Lot Features: Corner Lot, Land Inclusions - Building,Land, Road Frontage - City, Street Lights, Sidewalks

Driving Directions


From the Intersection of Broadway and Main in Historic Downtown Albert Lea head South into downtown 1 block. Building is on the corner of Broadway Ave S & William St E.

Financial Considerations


Tax/Property ID: 340012790

Tax Amount: 4203

Tax Year: 2025

HomeStead Description: Non-Homesteaded

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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

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Schools nearby 202 S Broadway Avenue

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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger ® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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