134 William Street W, Albert Lea, MN 56007 (MLS# 7002308)

134 William Street W, Albert Lea, MN 56007

$314,000

Property Type: Commercial Baths: 5 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $314,000 List Date: 12/23/2025 Last Modified: 6/26/2026

Overview

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 Details MLS# 7002308

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Owner Occupied: No
Waterfront YN: No
Year Built: 1913
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Foundation Size: 1336
For Sale or Lease: For Sale
Acres: 0.12
Lot Dimensions: 81.5 x 100
Assessment Pending: No

Property Features

Accessible: None Air Conditioning: Central Air; Ductless Appliances: Indoor Grill; Microwave; Refrigerator Basement: Full; Unfinished CMU Style: Apartments/Multi Family; Business Opportunity Construction Status: Previously Owned Current Use: Residential; Tavern/Lounge Exterior: Brick/Stone Foundation: Brick/Mortar Fuel: Natural Gas Heating: Boiler; Hot Water Loan Terms: Cash; Conventional Location Description: Downtown Lock Box Type: None Miscellaneous Information: 2+ Lavatories On Site Utilities: Electric Common; Heating Common; Hot Water Common Owner Pays: All Utilities Potential Use: Lounge/Bar Rent Rate per Foot: Per Month Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Rubber Sewer: City Sewer/Connected Stories: Two Tenant Pays: None Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 314000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 134
Street Name: William
Street Suffix: Street
Street Direction Suffix: W
Postal City: Albert Lea
County: Freeborn
State: MN
Zip Code: 56007

Additional Parcels Information

Property ID #2: 340030030
Property ID #3: 340030020

Assessments

Tax With Assessments: 3952

More Information

Building Information

Building Finished SqFt: 2835

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Leases, Liquor License

Unit 1

Unit Number: Yes
Monthly Rent: 450
Full Baths: Yes
Total Bathrooms: Yes
Level: 2nd Level
Leased?: Yes
Lease Expiration Date: 2025-12-31
No. of 1 Bedroom Units: 4

Unit 2

Full Baths: Yes
Lease Expiration Date: 2025-12-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 325
Total Bathrooms: Yes
Unit Number: 2

Unit 3

No. of 3 Bedroom Units: Yes
Full Baths: Yes
Lease Expiration Date: 2025-12-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 400
Total Bathrooms: Yes
Unit Number: 3

Unit 4

Full Baths: Yes
Lease Expiration Date: 2025-12-31
Leased?: Yes
Monthly Rent: 400
Total Bathrooms: Yes
Unit Number: 4

Unit 5

Full Baths: Yes
Lease Expiration Date: 2025-12-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 325
Total Bathrooms: Yes
Unit Number: 5

Unit Details

Total Units: 5

Listing Office: Century 21 Atwood

Last Updated: June - 26 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

134 William Street W, Albert Lea, MN 56007 (MLS# 7002308)