3.65 ACRES BUILD TO SUIT/FOR LEASE

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
FOR LEASE
Property Type:
Commercial Land Development
Amount:
Please Call Broker for Price

Cap Rate:
0.00%
Last Verified:
Mar 17, 2023

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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.