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$442,000
/mo Edit
Single Family:  Split Entry (Bi-Level)
3 br • 3 ba • Built 1982
2,267 sqft • 10 acres
Albert Lea schools
MLS# 7167938
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    Property Description

    Versatile 10-Acre Country Estate, Hobby Farm & Horse Property with Indoor Arena! 22740 Bluegrass Rd, Albert Lea, MN 56007 $442, 000. Book your showing for this rare opportunity to experience the best of country living on 10 versatile acres, perfectly positioned right on the edge of town! Held by a single owner for over 40 years, this established property was built from the ground up to support equestrian life, hobby farming, and a wide variety of personal interests. Whether you are looking for a true horse property or simply crave room to spread out, this estate offers an unmatched blend of privacy, rural freedom, and town convenience. The outbuildings & versatile infrastructure of a year-round indoor arena/multipurpose building is a massive asset offering endless possibilities. While ideal for equestrian training through all four seasons, this expansive building is equally well-suited for heavy equipment storage, classic cars, a massive workshop, recreational toys, or supplemental rental potential. A separate outdoor arena area sits nearby. The main center-aisle barn is a highly practical layout featuring a traditional center aisle, flexible box stalls with direct paddock run-outs, tie stalls for quick grooming, a dedicated tack room, a feed room, and expansive overhead hay loft. (Can also be adapted for alternative livestock or general storage). A second, smaller barn offers extra stabling or livestock flexibility. The property also includes a dedicated storage lean-to/bay for large trailers and a separate utility shed for an ATV, lawnmower, or farm tools. Thoughtfully laid out pasture and field infrastructure set up for effortless daily management. The original 3-bedroom, 3-bathroom home with an attached garage features a comfortable, open layout. Highlights included a spacious kitchen and living room layout, an inviting three-season porch, and an outdoor deck overlooking the acreage. With endless potential and room to make your dreams a reality, this property offers an acreage you can enjoy with the freedom of a true country lifestyle with town amenities just minutes away. Bring your horses, your hobby farm, your vision, and make it your own!

    Listing

    Contingency: None
    Price per sq ft: $195
    City: Albert Lea
    County: Freeborn
    State: MN
    Property Style: Split Entry (Bi-Level)
    Zip Code: 56007

    Interior

    Living Area: 2,267 ft2
    Common Wall: No
    Appliances Included:
    • Dishwasher
    • Disposal
    • Dryer
    • Freezer
    • Fuel Tank - Rented
    • Iron Filter
    • Microwave
    • Range
    • Refrigerator
    • Washer
    • Water Filtration System
    • Water Softener Owned
    Basement Details:
    • Block
    • Egress Window(s)
    • Finished
    • Kitchenette
    • Storage Space
    • Sump Basket
    • Sump Pump
    • Walkout

    Exterior

    Stories: Split Entry (Bi-Level)
    Garage Spaces: 2
    Garage Size: 624 ft2
    Air Conditioning: Central Air
    Foundation Size: 1,092 ft2
    Handicap Accessible: Grab Bars In Bathroom, Door Lever Handles
    Out Buildings: Kennel/Dog Run, Indoor Arena, Pole Building, Stables, Storage Shed, Tack Room
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Attached Garage
    • Garage Door Opener
    • Gravel
    Unit Amenities:
    • Cable
    • Deck
    • Kitchen Center Island
    • Kitchen Window
    • Main Floor Primary Bedroom
    • Natural Woodwork
    • Porch
    • Primary Bedroom Walk-In Closet
    • Security Lights
    • Vaulted Ceiling(s)
    • Walk-In Closet
    • Washer/Dryer Hookup
    Road Frontage:
    • County Road
    • Unpaved Streets
    Exterior Material:
    • Block
    • Frame
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Rooms

    1/4 Baths: None
    Full Baths: 1
    Half Baths: 1
    3/4 Baths: 1
    Bathroom Details:
    • 1/2 Basement
    • Main Floor 3/4 Bath
    • Main Floor Full Bath
    Dining/Kitchen: Kitchen/Dining Room
    Laundry:
    • Electric Dryer Hookup
    • Sink
    • Washer Hookup
    Main Level Size Sq Ft
    Dining Room  11 x 12  132 
    Living Room  16 x 17  272 
    Bathroom  7 x 10  70 
    Bedroom  12 x 17  204 
    Kitchen  13 x 13  169 
    Lower Level Size Sq Ft
    Bathroom  7 x 7  49 
    Family Room  15 x 24  360 
    Bedroom 2  11 x 23  253 
    Bedroom 3  12 x 12  144 

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 10
    Geolocation: 43.683477, -93.396254
    Lot Dimensions: 435000 sq ft
    Zoning: Residential-Single Family
    Lot Description:
    • Suitable for Horses
    • Tree Coverage - Medium

    Schools

    School District: 241
    District Phone: 5073794800

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $3,740
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,704
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Fuel System: Propane
    Sewer System: City Sewer/Connected
    Water System: Well

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
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    Listing provided by RMLS, courtesy of Leland Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.