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    Visually Located Corner Building Title is generated by Realmo AI

    211 E 1st Ave, Osakis, MN 56360

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    For Sale
    $195,000

    Corner building near downtown Osakis, suitable for various uses.

    Added:
    Apr 5, 2026
    Days on Market:
    53
    Last Refresh:
    May 25 at 9:52 pm

    Property Features for 211 E 1st Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Brandon Hetland

    Listing agent Brandon Hetland

    Listing office Hetland Realty, LLC

    Listing date Apr 5, 2026

    Source Exprealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Hetland Realty, LLC

    HighLights

    • Visually prominent corner location on Nokomis ST and 1st Ave, one block from downtown Osakis.
    • Recent upgrades including new siding and steel roof (2020), and new basement windows and doors.
    • Three newly finished half baths.
    • Two furnaces independently heating upper and lower levels.
    • One block from Osakis Public Schools and two blocks from Lake Osakis.
    • Upper/main level is handicap accessible.

    Overview

    The Lillian Building is available for purchase. It occupies a visually prominent corner location at the intersection of Nokomis Street and 1st Avenue, one block from downtown Osakis, one block from Osakis Public Schools, and two blocks from Lake Osakis. The building features new basement windows and doors, along with three newly finished half baths. Approximately 12 years ago, the building was re-insulated. In 2020, new siding and a steel roof were installed. The property is connected to city water and city sewer services. It contains two furnaces, each independently heating the upper and lower levels. The upper or main level is handicap accessible. The property has undergone numerous upgrades over the past 9 years. Potential uses for the property include a daycare, home, or small business.
    Location Intelligence

    Current Use by Public Records

    The Lillian Building Landmark

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Osakis
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.1500815
    Latitude
    45.8672172

    Nearby Similar for Sale

    • $599,900

      Turnkey Bar & Grill in Osakis

      Established bar and grill with community ties in Osakis, MN.
      201 E Nokomis Street, Osakis, MN 56360
      View Details
    • $1,103,742

      Dollar General NNN Investment Opportunity

      Absolute NNN Dollar General in Minnesota lake resort town.
      306 Nokomis Street East, Osakis, MN 56360
      View Details

    FAQs

    What type of property is this?
    Day care center - Corner building near downtown Osakis, suitable for various uses.
    Where is this day care center located?
    The property is located at 211 E 1st Ave Osakis, MN.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Visually prominent corner location on Nokomis ST and 1st Ave, one block from downtown Osakis.; Recent upgrades including new siding and steel roof (2020), and new basement windows and doors.; Three newly finished half baths.
    (320) 808-6943
    We can help!
    Listing Contact
    Brandon Hetland
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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