Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    317 Us-10 Detroit Lakes, MN 56501

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    317 Us-10 Detroit Lakes, MN 56501

    View on Map
    • Retail properties & Spaces
    • 8,640 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 317 Us-10

    Property size
    8,640 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 8,640-square-foot commercial property in Detroit Lakes, Minnesota, presents a unique opportunity for a single-tenant business. Located at 317 US-10, this traditional office building offers 2,010 square feet of readily available space, ideal for retail or office use. The building boasts abundant natural light, creating an open and airy atmosphere. Its prime location offers excellent visibility and accessibility, situated directly across from Central Market in the thriving downtown area. Ample parking is available for employees and customers. The property's single-tenant occupancy simplifies management and provides a dedicated space for your business to flourish. The building's total square footage is 8,640 square feet, offering potential for expansion or customization to meet specific business needs. This property is situated in Detroit Lakes, MN, zip code 56501, and presents a compelling opportunity for businesses seeking a high-visibility location with convenient amenities. The property type is listed as Retail and Office, with a subtype of Traditional Office.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Detroit Lakes
    County
    Becker
    State
    Minnesota
    Longitude
    -95.8395
    Latitude
    46.8157

    Comparable in this City

    • Value Estimation by Request
      12,445 SF

      1265 Us-10

      Office properties & Spaces • 12,445 SF
      1265 Us-10, Detroit Lakes, MN 56501
      View Details
    • Value Estimation by Request
      5,180 SF

      990 Us-10 Way

      Office properties & Spaces • 5,180 SF
      990 Us-10 Way, Detroit Lakes, MN 56501
      View Details
    • Value Estimation by Request
      7,000 SF

      18550 Us-59

      Office Units • 7,000 SF
      18550 Us-59, Detroit Lakes, MN 56501
      View Details
    • Value Estimation by Request
      4.12 Acres

      Detroit Lakes, MN 56501

      OFFICE (GENERAL) • 4.12 Acres
      Detroit Lakes, MN 56501
      View Details
    • Value Estimation by Request
      7.11 Acres

      19595 Us Hwy 59

      OFFICE (GENERAL) • 7.11 Acres
      19595 Us Hwy 59, Detroit Lakes, MN 56501
      View Details
    • Value Estimation by Request
      2.10 Acres

      Detroit Lakes, MN 56501

      OFFICE (GENERAL) • 2.10 Acres
      Detroit Lakes, MN 56501
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,080 SF

      Highway Frontage Shop in Detroit

      4.38 acres with 4,000+ sq ft shop on Highway 10.
      28428 Us Highway 10, Detroit Lakes, MN 56501
      View Details
    • Contact for pricing
      4,080 SF

      Highway 10 Shop with Acreage

      4,000+ sqft shop on 2 acres with highway frontage.
      28428 Us Highway 10, Detroit Lakes, MN 56501
      View Details
    • Contact for pricing
      98,881 SF

      Detroit Lakes Industrial Lots Available

      Affordable industrial lots for contractors, manufacturers, and processing plants.
      Tbd Stony Rd, Detroit Lakes, MN 56501
      View Details
    • Contact for pricing
      172,497 SF

      Detroit Lakes Industrial Lots Available

      Industrial lots available for contractors, manufacturers, and processing plants.
      838 Cormorant Ave, Detroit Lakes, MN 56501
      View Details
    • Contact for pricing

      Minnesota Land Near Detroit Lakes

      40+ acres near Detroit Lakes with recreational amenities.
      13617 260Th Ave, Detroit Lakes, MN 56501
      View Details
    • $109,000

      Land For Sale

      Land available near Detroit Lakes, Minnesota.
      25296 S Melissa Dr, Detroit Lakes, MN 56501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Detroit Lakes Commercial Office Space

      Commercial space with excellent visibility and accessibility off Highway 10.
      522 Main St W, Detroit Lakes, MN 56501
      View Details
    • Contact for pricing

      Restored Commercial Building For Rent

      Restored commercial building at a high-visibility corner location.
      990 Us-10 Way, Detroit Lakes, MN 56501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    317 Us-10
    Detroit Lakes, MN 56501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    317 Us-10, Detroit Lakes, MN, 56501

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!