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$328,000 -$62,000 (-15.9%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 0.12 Acres
  • Updated 16 hours ago
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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.

Full Property Details for 134 William Street W

General

  • Price: $328,000
  • Taxes: $3,748 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7002308
  • Updated: 3/24/2026
  • Added to Site: 92 day(s) ago

Interior

  • Appliances: Indoor Grill, Microwave, Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 5

Parking

  • Parking Features: On-Street Parking Only

Location

  • County: Freeborn
  • Township: Albert Lea
  • Driving Directions: From intersection of Main Street and Broadway Avenue Albert Lea, north on Broadway one block to William Street W. Left on William Street W to 134 W William St W on right side of street.

School Information

  • School District: 1141 - Albert Lea
  • High School District: Albert Lea

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air, Ductless Mini-Split
  • Heating Type: Boiler, Ductless Mini-Split, Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common, Heating Common, Hot Water Common

Structural Information

  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Foundation Size: 1336
  • Roof: Age 8 Years or Less, Rubber
  • Disability Access: None
  • Current Bldg. Use: Residential, Bar/Tavern
  • Year Built: 1913

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 81.5 x 100
  • Frontage: City Street
  • Potential Use: Lounge/Bar
  • Zoning: Business/Commercial, Residential-Multi-Family

Financial Considerations

  • Tax Amount: $3,748
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: All Utilities
  • Tenant Pays: None

Disclosures and Reports

  • Legal Description: KITTLESON & JOHNSON'S SUBDIVIS Lot-D&E LOTS D & E , BLK 14 ORIGINAL PLAT KITTELSON & JOHNSON SUB; KITTLESON & JOHNSON'S SUBDIVIS Lot-00C Block-014 LOT C OF BLK 14 ORIGINAL PLAT KITTELSON & JOHNSONS SUB; KITTLESON & JOHNSON'S SUBDIVIS Lot-A&B Block-014 N 41.29 FT LOTS A&B BLK 14 ORIGINAL PLAT KITTELSON & JOHNSONS SUB CITY OF ALBERT LEA
  • Inclusions: Building, Business Assets, Business, Fixture/Equipment, Leases, Liquor License
  • Property ID: 340030040

Listed by Century 21 Atwood

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Listing agents

— 134 William Street W —

  • Century 21 Atwood

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 134 William Street W

School District:Albert Lea Public School District
NameGradesDistance
Lakeview Elementary School, Albert Lea, MN
902 Abbott Street, Albert Lea, MN 56007
K-50.7 mi
Southwest Middle School
1601 West Front Street, Albert Lea, MN 56007
6-71.2 mi
Albert Lea Senior High School
2000 Tiger Lane, Albert Lea, MN 56007
8-122 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 134 William Street W Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/24/2026
Price Reduced
$328,000
-15.9%
MLS
12/23/2025
Listed
$390,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 134 William Street W

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,964
29%
$94,100
8%
2023
$1,524
20%
$87,500
26%
2023
$1,272
-13%
$69,200
42%
2020
$1,460
—
$48,900
—
2020
$1,460
2%
$49,000
—
2019
$1,436
15%
$49,000
100%
2018
$1,254
7%
100%
2016
$1,174
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Century 21 Atwood

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134 William Street W, Albert Lea, MN 56007 (MLS# 7002308) is a Commercial property. 134 William Street W is currently listed for $328,000 and was received on December 23, 2025. Want to learn more about 134 William Street W? Do you have questions about finding other Commercial real estate for sale in Albert Lea? You can browse all Albert Lea real estate or contact a Coldwell Banker agent to request more information.

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