Consul St and Blake Ave Albert Lea, MN 56007

Consul St and Blake Ave, Albert Lea, MN, 56007
Consul St and Blake Ave, Albert Lea, MN, 56007
Property Type:
Commercial Land Development
Please Call Broker for Price

Cap Rate:
Last Verified:
Mar 17, 2023

3.65 ACRES: BUILD-TO-SUIT Highlights and Features: • PID #344210020 • Zoning: IDD - Interstate Development District: • Highly visible on the corner of Consul Street and Blake Avenue • Adjacent from Home Depot • Abundant area amenities • Area tenants: Walmart Supercenter, Holiday Inn Express & Suites, Petro Travel Center, Econo Lodge, Ramada by Wyndham, Green Mill, Country Inn & Suites, The Pet Authority, O’Reilly Auto Parts, NAPA Auto Parts, Perkins, Motel 6, Burger King, Trumble’s 2.0H and more Demographics and Traffic Counts: • Average Household Population: 1 mile - 523, 3 miles - 8,839 and 5 miles - 20,023 • Average Household Income: 1 mile - $51,270, 3 miles - $47,975 and 5 miles - $50,887 Traffic Counts: Hwy 35 - 22,400 vpd Land Available: 3.65-acre site (158,994 sf)

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Map of Consul St and Blake Ave, Albert Lea, MN, 56007

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.