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    Property profile & analytics

    510 Main St Ormsby, MN 56162

    • Individual retail properties
    • 1,813 SF
    • 0.14 lot acres
    For Sale
    View listing
    $195,000
    Value Estimation
    Location Intelligence
    Property ID
    US46-1495912
    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

    • Orv's Food & Spirits / Bar & Grill

    Property Details for 510 Main St

    Year built
    1903
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    1,813 SF
    Property type
    Individual retail properties
    APN
    19.100.1770
    APU
    191001770

    Description

    This thriving bar and restaurant, Orv's Food and Spirits LLC, is a turnkey opportunity located on Main Street in Ormsby, Minnesota. The 1,813 square foot establishment boasts a historically significant, beautifully preserved Brunswick bar (original, dating back to 1929 and imported from Germany). The property includes a fully equipped kitchen with recently updated appliances and equipment, ready for immediate operation. Recent upgrades (2023-2024) include a new walk-in cooler, refrigerator/freezer combination, freezer, prep table, char broiler, repaired stainless freezer and salad prep table, a new ice machine (awaiting installation), new dishes and glassware, numerous kitchen utensils, two rebuilt front windows, a new back door, fresh paint throughout the dining room, bathrooms, and hallway, and new bar stools. Some equipment is leased (pop coolers and dishwasher). Inventory is included in the sale price of $195,000. Potential buyers must provide proof of funding before scheduling a showing. This is a rare chance to own a well-established business with significant recent improvements and a rich history. Don't miss this opportunity to own a piece of Ormsby's Main Street!

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ormsby
    County
    Watonwan
    State
    Minnesota
    Longitude
    -94.6979
    Latitude
    43.8484

    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
    $1,722
    $2,000
    $57,500
    $59,500
    -
    $2,000
    $57,500
    $59,500

    Comparable in this City

    • Value Estimation by Request
      1,536 SF

      113 1st Ave

      AUTO REPAIR, GARAGE • 1,536 SF
      113 1st Ave, Ormsby, MN 56162-1302
      View Details
    • Value Estimation
      $175,000
      3,600 SF

      1st Ave

      COMMERCIAL (GENERAL) • 3,600 SF
      1st Ave, Ormsby, MN 56162
      View Details
    • Value Estimation by Request

      Ormsby, MN 56162

      VACANT COMMERCIAL LAND
      Ormsby, MN 56162
      View Details
    • Value Estimation by Request
      9,218 SF

      Ormsby, MN 56162

      COMMERCIAL (GENERAL) • 9,218 SF
      Ormsby, MN 56162
      View Details
    • Value Estimation by Request

      Ormsby, MN 56162

      COMMERCIAL (GENERAL)
      Ormsby, MN 56162
      View Details
    • Value Estimation by Request
      0.21 Acres

      Ormsby, MN 56162

      RECREATIONAL, ENTERTAINMENT • 0.21 Acres
      Ormsby, MN 56162
      View Details
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    510 Main St
    Ormsby, MN 56162
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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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