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$340,000 -$10,000 (-2.86%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 5,549 Sq. Ft.
  • 0.87 Acres
  • Updated 1 day ago
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A rare opportunity to own a turnkey commercial building with strong infrastructure and customer-facing appeal. This prime commercial property features over 5,000 square feet of space and is currently operating as an automobile service station. The building includes 10 garage stalls (7 garage doors), one of which offers 11-foot clearance, along with a professionally vented auto paint booth and dedicated mixing room. The garage areas are equipped with ceiling-mounted heat and a floor drain for added functionality, and there is above-attic storage providing extra space. The property also offers two bathrooms, including one with a shower. At the front of the building, a showroom with large glass windows creates excellent visibility and an inviting public showcase area, making this a versatile and well-equipped space for automotive or commercial use. The irregular sized lot goes from 8th St down to St John Ave with a nice long private driveway and tons of parking.

Full Property Details for 1401 SE Broadway Ave

General

  • Price: $340,000
  • Taxes: $2,446 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7003586
  • Updated: 2/17/2026
  • Added to Site: 49 day(s) ago

Interior

  • Flooring: Concrete Slab

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 10
  • Parking Features: Attached Garage, Floor Drain, Garage Door Opener, Gravel, Heated Garage, Multiple Garages, Parking Lot, Paved Lot, RV Access/Parking

Location

  • County: Freeborn
  • Township: Albert Lea
  • Driving Directions: Corner of SE Broadway and 8th St.

School Information

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

Heating & Cooling

  • Cooling Type: Zoned
  • Heating Type: Forced Air, Other
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Foundation Size: 2300
  • Roof: Flat
  • Disability Access: No Stairs Internal
  • Square Feet: 5,549
  • Finished Down/Base.: 5,549 Sq. Ft.
  • Current Bldg. Use: Automobile Service
  • Year Built: 1947

Lot Features

  • Lot Size (Acres): 0.87
  • Lot Dimensions: 229 x 110 x 53 x 68 x 140 x 64 x 474
  • Frontage: City Street
  • Zoning: Business/Commercial
  • Lot Description: Corner Lot, Irregular Lot

Financial Considerations

  • Tax Amount: $2,446
  • Tax Year: 2025
  • Owner Pays: All Utilities

Disclosures and Reports

  • Legal Description: EDINA MANOR BLOCK-006 REV DESC NO. 3002 PT LOT 1 THROUGH 6 BLK 6 EDINA MANOR CITY OF ALBERT LEA
  • Inclusions: Building
  • Property ID: 340491550

Listed by Realty ONE Group Black Diamond

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— 1401 SE Broadway Ave —

  • Realty ONE Group Black Diamond

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NMLS#: 1598647

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Schools serving 1401 SE Broadway Ave

School District:Albert Lea Public School District
NameGradesDistance
Halverson Elementary School
707 East 10th Street, Albert Lea, MN 56007
K-50.5 mi
Southwest Middle School
1601 West Front Street, Albert Lea, MN 56007
6-71.4 mi
Albert Lea Senior High School
2000 Tiger Lane, Albert Lea, MN 56007
8-122.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1401 SE Broadway Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/17/2026
Price Reduced
$340,000
-2.86%
MLS
12/31/2025
Listed
$350,000
—
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 1401 SE Broadway Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,446
4%
$111,200
—
2023
$2,356
-1%
$111,200
—
2023
$2,376
-29%
$111,200
—
2020
$3,340
—
$111,200
—
2019
$3,350
-2%
$111,200
100%
2018
$3,412
-29%
100%
2016
$4,786
—
—
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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1401 SE Broadway Avenue, Albert Lea, MN 56007 (MLS# 7003586) is a Commercial property. 1401 SE Broadway Avenue is currently listed for $340,000 and was received on December 31, 2025. Want to learn more about 1401 SE Broadway Avenue? 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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