Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    400Th Ave Heron Lake, MN 56101
    Back to Search
    Property profile & analytics

    400Th Ave Heron Lake, MN 56101

    View on Map
    • Land
    • 78.15 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 400Th Ave

    Lot size
    78.15 lot acres
    Property type
    Land

    Description

    This exceptional 78.15-acre commercial land parcel in Cottonwood County, Minnesota, presents a compelling investment opportunity. Located near Windom, with a Windom Community Schools district designation, this property boasts 74.98 FSA cropland acres, currently leased for the 2024 crop year and available for the 2025 crop year. The soil composition includes highly productive Omsrub-Storden complex, Nicollet Clay loam, and Clarion Loam, resulting in an excellent Productivity Index (PI) of 86.4. Improved drainage is facilitated by existing tile, although specifics on tile size and placement are unavailable. Previously enrolled in the Conservation Reserve Program (CRP), these acres have been converted to cropland to maximize farming potential. The property's location offers convenient access to Windom and presents long-term investment potential, particularly given anticipated industrial development near Urbana. The asking price is $683,812, or $10,170 per acre. The parcel number is 160150202, and annual property taxes are $2,509. Possession is at closing, subject to tenant rights. Financing options include cash, conventional loans, and 1031 exchanges. The permitted zoning is AG. This property is ideal for expanding existing farming operations or securing a strong, long-term agricultural investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Heron Lake
    County
    Cottonwood
    State
    Minnesota
    Longitude
    -95.2808
    Latitude
    43.8614

    Comparable in this City

    • Value Estimation by Request

      358 10th St

      COMMERCIAL (GENERAL)
      358 10th St, Windom, MN 56101-1451
      View Details
    • Value Estimation by Request

      302 10th St

      COMMERCIAL (GENERAL)
      302 10th St, Windom, MN 56101-1451
      View Details
    • Value Estimation by Request

      703 1st N Ave

      COMMERCIAL (GENERAL)
      703 1st N Ave, Windom, MN 56101-1725
      View Details
    • Value Estimation by Request

      1545 1st N Ave

      COMMERCIAL (GENERAL)
      1545 1st N Ave, Windom, MN 56101-2014
      View Details
    • Value Estimation by Request

      2275 1st N Ave

      COMMERCIAL (GENERAL)
      2275 1st N Ave, Windom, MN 56101-1377
      View Details
    • Value Estimation by Request

      1st Ave

      COMMERCIAL (GENERAL)
      1st Ave, Windom, MN 56101
      View Details

    Similar Nearby for Sale

    • $43,900

      Land Available in Windom, MN

      Land for sale in Windom, Minnesota, Cottonwood County.
      1970 Norway Ave, Windom, MN 56101
      View Details
    • Contact for pricing

      Land Available in Windom, MN

      Land for sale located in Windom, Minnesota.
      6th 6Th Ave, Windom, MN 56101
      View Details
    • $70,000

      Land on County Road 15

      Land available on County Road 15 in Windom, Minnesota.
      46250 County Road 15, Windom, MN 56101
      View Details
    • $139,000
      0.47 Acres

      Residential Land at Cottonwood Lake

      Homesite at Cottonwood Lake, Windom, MN. Build your dream home.
      22 Cottonwood Lk Blvd, Windom, MN 56101
      View Details
    • $43,900
      0.76 Acres

      Residential Lot in Growing Neighborhood

      Spacious lot near schools and parks, ideal for building.
      1970 Norway Ave, Windom, MN 56101
      View Details
    • $111,800
      1.28 Acres

      Land Lots Near Fish Lake

      Two lots in new subdivision near Fish Lake.
      Lot 6&7 Mckinney Dr, Windom, MN 56101
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      28,000 SF

      Industrial Warehouse with Expansion Potential

      Expandable industrial warehouse suitable for manufacturing, warehousing, or distribution.
      1925 Redding Ave N, Windom, MN 56101
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office space for lease in industrial park area.
      1820 Redding Ave N, Windom, MN 56101
      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.
    400Th Ave
    Heron Lake, MN 56101
    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
    400Th Ave, Heron Lake, MN, 56101
    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!