For Sale: Albert Lea MLS# 7002308
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Property Description
Well established & profitable tavern business opportunity located in excellent downtown location. Two large gaming rooms. Recently replaced bar cabinets and shelving. Indoor grill plate and fryers for burgers and fries. Bar area seating for 40 plus people as well as the two large gaming rooms seating and outdoor patio area. Five upper level apartments add to your income opportunities. A must see establishment to see and appreciate the amenities and equipment that have helped make this tavern/ lounge a true community fixture.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$390,000
Property Type:
Commercial
City:
Albert Lea
Garage Spaces:
0
County:
Freeborn
Year Built:
1913
State:
MN
Property Style:
2 Stories
Zip Code:
56007
Interior
Bedrooms:
0
Bathrooms:
5
Appliances Included:
- Indoor Grill
- Microwave
- Refrigerator
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Central Air, Ductless Mini-Split
Foundation Size:
1,336 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Ductless Mini-Split
- Hot Water
Parking Features:
On-Street Parking Only
Road Frontage:
City Street
Roof Details:
- Age 8 Years or Less
- Rubber
Lot & Land
Acres:
0.12
Geolocation:
43.6490407916, -93.369606696
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Leases, Liquor License
Lot Dimensions:
81.5 x 100
Addl Parcels:
340030030, 340030020
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
1141
District Phone:
5073794800
Expenses
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,748
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,952
Units
Total Units:
5
Miscellaneous
Current Use:
- Bar/Tavern
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Century 21 Atwood.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.