201 E Clark Street, Albert Lea, MN 56007
$500,000
Property Type:
Commercial
Square Footage:
20,100
Lot Size (sq. ft.):
17,760
Status:
Active
Current Price:
$500,000
List Date:
9/21/2026
Last Modified:
9/25/2026
Listing Details MLS# 7145184
General Property Information
- Lot Measurement
- Square Feet
- Management Company Name
- N/A
- Multiple PIDs?
- No
- Other Parking Spaces
- 16
- Owner Occupied
- No
- Road Btwn WF & Home?
- Yes
- Waterfront YN
- No
- Year Built
- 1916
- Yearly/Seasonal
- Yearly
- Zoning
- Business/Commercial
- Lot Size SqFt
- 17760
- Foundation Size
- 8052
- Garage Stalls
- 4
- Lake/Waterfront Name
- Fountain
- For Sale or Lease
- For Sale
- Lot Dimensions
- 240' x 74'
- Assessment Pending
- No
Property Features
Accessible:
Accessible Elevator Installed; Door Lever Handles; Doors 36"+; Fully Wheelchair; Grab Bars In Bathroom; Hallways 42"+
Air Conditioning:
Central Air
Amenities Shared:
Elevator(s)
Amenities Unit:
Natural Woodwork; Paneled Doors
Assumable Loan:
Not Assumable
CMU Style:
Office
Construction Materials:
Brick; Concrete
Construction Status:
Previously Owned
Current Use:
Business Service; Commercial; Office
Elevation Highpoint to Waterfront Slope:
Gradual
Existing Financing:
Free and Clear
Exterior:
Brick/Stone; Stucco
Fencing:
None
Flooring:
Carpet; Tile
Foundation:
Poured Concrete
Fuel:
Natural Gas
Heating:
Forced Air
Internet Options:
Cable
Lake Details:
Undeveloped
Loan Terms:
Cash; Conventional
Location Description:
Downtown
Lock Box Type:
None
Lot Description:
Corner Lot; Tree Coverage - Light; Underground Utilities
Miscellaneous Information:
2+ Lavatories; Overhead Doors
On Site Utilities:
Electric Common; Heating Common; Hot Water Common
Overhead Door Clearance:
0-9 Feet
Owner Pays:
Common Area Maintenance; Electricity; Exterior Maintenance; Fuel; Gas; Grounds Care; Heat; HVAC Maintenance; Insurance; Management; Sewer; Snow Removal; Taxes; Water
Parking Characteristics:
Shared Garage/Stall; Floor Drain; Garage Door Opener; Heated Garage; Tuckunder Garage
Pool Description:
None
Potential Use:
Income; Office; Professional
Road Frontage:
City Street; Paved Streets; Sidewalks; Storm Sewer; Street Lights
Road Responsibility:
Public Maintained Road
Roof:
Age Over 8 Years; Flat; Rubber
Sewer:
City Sewer/Connected
Stories:
Three Or More
Tenant Pays:
Cable TV; Common Area Maintenance; Janitorial Service; Security
Topography:
Walkout
Wall Description:
Concrete/Block; Plaster
Water:
City Water/Connected
Waterfront Type:
Lake View
Waterfront View:
Bay; North
Window Features:
Double Pane Windows; Insulated Windows
Contract Information
- Contingency
- None
- ListPrice
- 500000
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 201
- Street Direction Prefix
- E
- Street Name
- Clark
- Street Suffix
- Street
- Postal City
- Albert Lea
- County
- Freeborn
- State
- MN
- Zip Code
- 56007
Assessments
- Tax With Assessments
- 16242
Basement
- Foundation Dimensions
- 112' x 66'
More Information
Building Information
- Building Finished SqFt
- 20100
- Building SqFt
- 20100
- Ceiling Height
- 8-10
Elevation Highpoint to Waterfront Feet
- Elevation Highpoint Waterfront Feet
- 4-10
Income and Expenses
- Annual Caretaker Expense
- 3525
- Annual Electric Expense
- 13315
- Annual Fuel Expense
- 5607.48
- Annual Gross Expenses
- 51189.48
- Annual Gross Income
- 85059.96
- Annual Insurance Expense
- 6992
- Annual Maintenance Expense
- 4384
- Annual Net Income
- 33870.48
- Annual Water/Sewer Expense
- 1124
- Total Annual Expenses
- 32293.34
Lake Details
- Lake Acres
- 521
- Lake Depth
- 14
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- Homestead
- No
Ownership
- Fractional Ownership
- No
Parking Characteristics
- Garage Dimensions
- 54' x 36'
- Garage Square Feet
- 1944
Sale Options
- Sale Includes
- Building, Fixture/Equipment, Land, Leases
Unit Details
- Total Units
- 4
Listing Office:
Century 21 Atwood
Last Updated: September - 25 - 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.