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    Property profile & analytics

    214 2Nd Ave Virginia, MN 55792

    • Commercial real estate
    • 7,500 SF
    For Sale
    View listing
    $425,000
    Value Estimation
    Last Sale
    Aug 11, 2021
    $119,000
    Location Intelligence
    Property ID
    US46-1510774
    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

    • Commercial real estate

    Property Details for 214 2Nd Ave

    Year built
    1938
    Property size
    7,500 SF
    Property type
    Commercial real estate
    APN
    090-0010-02450
    APU
    90001002450

    Description

    This exceptional four-story commercial property, located at 214 N 2nd Avenue in Virginia, Minnesota, presents a remarkable investment opportunity. Boasting 11,014 square feet on a 0.09-acre lot, this solid brick building offers immense potential for a variety of uses. Its prime downtown location ensures high visibility and foot traffic, making it ideal for retail businesses, office spaces, residential conversion, or a mixed-use development. The building's substantial size allows for significant flexibility in design and layout, catering to diverse business needs. A separate garage/storage building provides additional space, addressing potential storage requirements. The property's strong construction ensures a reliable and long-lasting investment. This is a chance to acquire a historic building with significant upside, situated in a thriving area of Virginia. The building's history as the former Anderson Furniture Building adds to its character and potential appeal. The asking price is $425,000. Don't miss this chance to capitalize on this unique opportunity in a vibrant downtown setting.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $135,000

    • CAP approach

      CAP return
      Estimation
      6%
      $175,000
      6.5%
      $175,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $200,000
      Geo Method
      $205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $165,000
      Retail
      $155,000
      Mixed-Use
      $200,000
      Hospitality
      $155,000
      Educational
      $165,000
      Residential Income
      $185,000
      Energy
      $180,000
      Income-Based Land
      $190,000
      Food Service
      $195,000

    Location Insight

    • Map
    • Local Demand
    City
    Virginia
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.5333
    Latitude
    47.5246
    CBSA code
    20260
    CBSA name
    DULUTH, MN-WI 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
    2024
    $2,628
    $4,800
    $85,000
    $89,800
    -
    $4,800
    $85,000
    $89,800

    Comparable in this City

    • Value Estimation by Request
      6,282 SF

      212 5Th Ave

      Commercial real estate • 6,282 SF
      212 5Th Ave, Virginia, MN 55792
      View Details
    • Value Estimation by Request

      Virginia, MN 55792

      COMMERCIAL (GENERAL)
      Virginia, MN 55792
      View Details
    • Value Estimation by Request

      Virginia, MN 55792

      COMMERCIAL (GENERAL)
      Virginia, MN 55792
      View Details
    • Value Estimation by Request

      Virginia, MN 55792

      COMMERCIAL (GENERAL)
      Virginia, MN 55792
      View Details
    • Value Estimation by Request

      Virginia, MN 55792

      COMMERCIAL (GENERAL)
      Virginia, MN 55792
      View Details
    • Value Estimation by Request

      Virginia, MN 55792

      COMMERCIAL (GENERAL)
      Virginia, MN 55792
      View Details

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    214 2Nd Ave
    Virginia, MN 55792
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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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