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    Property profile & analytics

    678 1st W St Fosston, MN 56542-1009

    • Retail space
    • 1,600 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $195,000
    Location Intelligence
    Property ID
    US46-2759579
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 678 1st W St

    Year built
    1940
    Construction
    FRAME
    Lot size
    0.25 lot acres
    Property size
    1,600 SF
    Property type
    Retail space
    APN
    87.00033.05
    APU
    870003305

    Description

    This exceptional commercial property, located at 678 1st Street West in Fosston, Minnesota, presents a unique investment opportunity. The property, encompassing 10,890 square feet of land, features a completely renovated building constructed in 1940. The building has undergone a comprehensive remodel, with no detail overlooked. The renovation included a complete gutting to the studs, ensuring a modern and updated space ready for immediate occupancy. The property's zoning allows for a mixed-use configuration, ideal for an owner-operator seeking to combine residential and commercial ventures. The building's prime location directly on Highway #2 in Fosston ensures high visibility and accessibility, making it an attractive proposition for a variety of businesses. The asking price for this turnkey commercial property is $199,990. The property is situated in Polk County, Minnesota, with a zip code of 56542. This is a rare chance to acquire a fully renovated commercial building with significant potential in a desirable location. The property's versatility and prime highway frontage make it an excellent investment for both established businesses and entrepreneurs looking to establish a new venture. The spacious layout offers ample room for customization to suit individual business needs. Don't miss this opportunity to own a piece of Fosston's thriving commercial landscape.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fosston
    County
    Polk
    State
    Minnesota
    Longitude
    -95.7586
    Latitude
    47.5796
    CBSA code
    24220
    CBSA name
    GRAND FORKS, ND-MN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,102
    $21,800
    $78,900
    $100,700
    -
    $21,800
    $78,900
    $100,700

    Comparable in this City

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      226 1st E St

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      118 Johnson N Ave

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      102 Kaiser S Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,330 SF
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      10,000 SF

      306 1st E St

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
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    • Value Estimation
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      6,616 SF

      213 1st W St

      RETAIL STORES (PERSONAL SERVICES) • 6,616 SF
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      View Details
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    678 1st W St
    Fosston, MN 56542-1009
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    Realmo Value Estimation

    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.

    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.

    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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