726 W Fountain Street, Albert Lea, MN 56007

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1926
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 192
For Sale or Lease: For Sale
Acres: 0.12
Lot Dimensions: 80x65 and 54x131
Assessment Pending: No
Other Parking Spaces: 0
Garage Stalls: 0

Property Features

Accessible: No Stairs External Air Conditioning: Central Air Basement: Concrete Block; Full CMU Style: Business Opportunity Construction Status: Previously Owned Current Use: Beauty/Barber Shop Exterior: Vinyl Foundation: Brick/Mortar Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional; FHA; USDA; VA Lock Box Type: Combo On Site Utilities: Electric Separate Owner Pays: Insurance; Taxes Parking Characteristics: Paved Lot Potential Use: Office; Retail Rent Rate per Foot: Per Month Rental License Type: Standard Sewer: City Sewer/Connected Stories: One Tenant Pays: All Utilities; Lawn; Repairs Water: City Water/Connected

Contract Information

Off Market Date: 2026-04-17
Contingency: None
ListPrice: 69900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 726
Street Direction Prefix: W
Street Name: Fountain
Street Suffix: Street
Postal City: Albert Lea
County: Freeborn
State: MN
Zip Code: 56007
Complex/Dev/Subdivision: Fentons Add

Assessments

Tax With Assessments: 534
Assessment Balance: 0
Assessment Installment: 0

Basement

Foundation Dimensions: 16x12
Concrete Block: Yes
Full: Yes

More Information

Building Information

Building Finished SqFt: 192
Building SqFt: 384

Income and Expenses

Annual Gross Expenses: 534
Annual Gross Income: 7200
Annual Net Income: 7200
Total Annual Expenses: 534
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building, Land

Unit 1

Unit Number: Yes
Monthly Rent: 600
Half Baths: Yes
Total Bathrooms: Yes
Total Rooms: 2
Level: Main Level
Unit Total SqFt: 192
Leased?: Yes
Lease Expiration Date: 2026-07-01

Unit Details

Total Units: Yes

Unit Information

No. of Efficiency Units: Yes

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: JOHNSON AND FENTON'S ADDITION S 80 FT LOT 15 JOHNSON & FENTONS ADDN
Listing City: Albert Lea
Map Page: 999
Municipality: Albert Lea
School District: Albert Lea
School District Phone: 507-379-4800
Zip Plus 4: 4735
Property ID Number: 341180230
Tax Year: 2026
Tax Amount: 534
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Are you looking to own part of Albert Lea's History! This building has been used for many different businesses and is looking for a new owner to make it their own! It has been completely renovated and includes the lot next to it! You could add parking or a storage shed next door! Conveniently located by the lake and clinic! Take a look today!
Directions: From Hwy 13 take a left onto Fountain St building will be on the left

Accessible

No Stairs External: Yes

Air Conditioning

Central Air: Yes

Construction Status

Previously Owned: Yes

Exterior

Vinyl: Yes

Foundation

Brick/Mortar: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

Combo: Yes

Owner Pays

Insurance: Yes
Taxes: Yes

Parking Characteristics

Paved Lot: Yes

Rental License Type

Standard: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

Tenant Pays

All Utilities: Yes
Lawn: Yes
Repairs: Yes

On Site Utilities

Electric Separate: Yes

CMU Style

Business Opportunity: Yes

Current Use

Beauty/Barber Shop: Yes

Loan Terms

Cash: Yes
Conventional: Yes
FHA: Yes
USDA: Yes
VA: Yes

Potential Use

Office: Yes
Retail: Yes

Rent Rate per Foot

Per Month: Yes