It is a market for live-stock, and for dairy and farm products, and has slaughtering and packing establishments, flour mills, creameries and cheese factories, canning and preserving factories, carriage works, a flax fibre mill and grain elevators.
There are ship-yards for the construction of both steel and wooden vessels, and several grain elevators.
It is a large railway centre, and the number and size of the grain elevators are noticeable.
Albert Lea is a railway and manufacturing centre of considerable importance, has grain elevators and foundries and machine shops, and manufactures bricks, tiles, carriages, wagons, flour, corsets, refrigerators and woollen goods.
They have also adopted the policy of selecting favourable town-sites on the uninhabited prairie, erecting grain elevators at such points, and furnishing transportation facilities by means of branch roads tapping the main lines of travel.