ALBERT LEA, Minn. – The former Freeborn Bank. a four-story downtown landmark, has been sold to an Albert Lea investment group. Century Partners said it plans an event center on the main floor with a coffee shop and pizzeria and office suites on upper floors. The sale price: $1.2 million. Said Mark Habben, one of the investors: “The uniqueness of what we’ve got is its large vaulted ceilings, a lot of the historical preservation of when the building was built a hundred years ago. We’ll have nice, big chandeliers. It’ll bring a little bit of class.”
Century old. Downtown landmark.