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Property profile & analytics

401 4Th St Courtland, MN 56021

  • Commercial real estate
  • 13,686 SF
  • 82.49 lot acres
Value Estimation
Last Sale
Apr 25, 2022
$225,000
Location Intelligence
Property ID
US46-2605696
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 401 4Th St

Year built
1981
Construction
STEEL FRAME
Lot size
82.49 lot acres
Property size
13,686 SF
Property type
Commercial real estate
APN
14.892.0080
APU
148920080

Description

This exceptional business opportunity encompasses a fully operational sawmill situated on a sprawling 41.24-acre lot in Courtland, Minnesota. The property boasts substantial existing structures, ideal for immediate use and expansion. The main building offers a generous 13,686 square feet of space, complemented by a 3,000 square foot planer building, a 1,020 square foot outbuilding, a 660 square foot steambox, an 800 square foot kiln, and two sizable warehouses totaling 22,400 square feet (11,200 sq ft each). An additional 1,200 square foot electric building provides further utility. The total building square footage across all structures is 42,766 square feet. This expansive property presents a rare chance to acquire an established business with significant growth potential. The seller is open to considering contract for deed financing, offering a flexible acquisition option for qualified buyers. All measurements should be independently verified by the buyer. This turnkey operation is ready for a new owner to capitalize on its established infrastructure and market position. The property's size and existing buildings provide ample room for expansion and diversification of operations. This is a unique opportunity to own a substantial commercial property in a desirable location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $210,000
  • CAP approach

    CAP return
    Estimation
    6%
    $245,000
    6.5%
    $260,000
    7%
    $275,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $270,000
    Geo Method
    $265,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $225,000
    Retail
    $265,000
    Mixed-Use
    $255,000
    Hospitality
    $230,000
    Educational
    $255,000
    Residential Income
    $245,000
    Energy
    $235,000
    Income-Based Land
    $215,000
    Food Service
    $240,000

Location Insight

  • Map
  • Local Demand
City
Courtland
County
Nicollet
State
Minnesota
Longitude
-94.3353
Latitude
44.2627
CBSA code
31860
CBSA name
MANKATO-NORTH MANKATO, MN MICROPOLITAN 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
$12,552
$256,200
$261,100
$517,300
-
$256,200
$261,100
$517,300
More about this property
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