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    202 2Nd St Nashwauk, MN 55769

    • Retail properties
    • 11,778 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 202 2Nd St

    Year built
    1978
    Lot size
    0.65 lot acres
    Property size
    11,778 SF
    Property type
    Retail properties
    Property subtype
    Grocery and convenience stores

    Description

    This 11,778 square foot grocery store building in Nashwauk, Minnesota, presents a unique investment opportunity. Located at 202 2nd St, 55769, this single-story, 1978-built structure sits on a 0.65-acre lot and offers ample parking for 36 vehicles. The building features a spacious retail area, a fully equipped deli section, dedicated office space, and separate prep areas ideal for food or meat preparation. The property includes heating and air conditioning systems. The building's roof is newer. Currently vacant, this property is perfectly positioned to capitalize on the area's demand for grocery services, with the nearest competitor located 13 miles away. A new school under construction in Nashwauk further enhances the potential for increased customer traffic. Included in the sale is a building with coolers owned by the SBA

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nashwauk
    County
    Itasca
    State
    Minnesota
    Longitude
    -93.1672
    Latitude
    47.3791

    Comparable in this City

    • Value Estimation by Request
      11,778 SF

      202 2Nd St

      Retail properties • 11,778 SF
      202 2Nd St, Nashwauk, MN 55769
      View Details
    • Value Estimation by Request
      36.03 Acres

      Nashwauk, MN 55769

      PROCESSING PLANT (CEMENT, GRAVEL) • 36.03 Acres
      Nashwauk, MN 55769
      View Details
    • Value Estimation by Request
      40.00 Acres

      Nashwauk, MN 55769

      PROCESSING PLANT (CEMENT, GRAVEL) • 40.00 Acres
      Nashwauk, MN 55769
      View Details
    • Value Estimation by Request
      0.07 Acres

      Nashwauk, MN 55769

      VACANT COMMERCIAL LAND • 0.07 Acres
      Nashwauk, MN 55769
      View Details
    • Value Estimation by Request
      0.04 Acres

      Nashwauk, MN 55769

      VACANT COMMERCIAL LAND • 0.04 Acres
      Nashwauk, MN 55769
      View Details
    • Value Estimation by Request
      0.17 Acres

      220 Central Ave

      COMMERCIAL (GENERAL) • 0.17 Acres
      220 Central Ave, Nashwauk, MN 55769-1130
      View Details

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      Retail Property in Prime Location

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    Nashwauk, MN 55769
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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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