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    20 3Rd Ave Crosby, MN 56441

    • Commercial real estate
    • 1,022 SF
    • 0.20 lot acres
    For Sale
    View listing
    $199,000
    Value Estimation
    Location Intelligence
    Property ID
    US46-0590868
    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 20 3Rd Ave

    Construction
    WOOD FRAME
    Lot size
    0.20 lot acres
    Property size
    1,022 SF
    Property type
    Commercial real estate
    APN
    11112853
    APU
    11112853

    Description

    This exceptional mixed-use property at 20 3rd Avenue SW in Crosby, Minnesota presents a unique investment opportunity. The 2,406 square foot building sits on a 0.19-acre lot and offers a versatile layout ideal for a variety of business ventures. The property seamlessly combines a commercial storefront, perfect for a retail operation or boutique, with an attached residential unit. This provides the potential for owner-occupancy or rental income generation. The residential component includes a convenient two-car attached garage, adding to its overall appeal and functionality. Situated in the heart of Crosby, this location benefits from proximity to popular attractions such as world-class mountain bike trails, enhancing its visibility and accessibility. The surrounding area also boasts a vibrant mix of shopping and dining options, ensuring a steady flow of potential customers. This property's central location and combined commercial and residential spaces make it an attractive proposition for entrepreneurs and investors seeking a blend of business and residential convenience. The building's layout is adaptable to various needs, allowing for customization to suit specific business requirements. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving Minnesota community. The asking price is $199,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $325,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $290,000
      Mixed-Use
      $335,000
      Hospitality
      $355,000
      Educational
      $335,000
      Residential Income
      $305,000
      Energy
      $380,000
      Income-Based Land
      $295,000
      Food Service
      $390,000

    Location Insight

    • Map
    • Local Demand
    City
    Crosby
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -93.958
    Latitude
    46.4817
    CBSA code
    14660
    CBSA name
    BRAINERD, 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
    $2,715
    $61,900
    $152,600
    $214,500
    -
    $61,900
    $152,600
    $214,500

    Comparable in this City

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      $370,000
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    • Value Estimation by Request
      0.07 Acres

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      0.53 Acres

      1 3rd NW St

      COMMERCIAL (GENERAL) • 0.53 Acres
      1 3rd NW St, Crosby, MN 56441-1413
      View Details
    • Value Estimation by Request
      0.07 Acres

      Crosby, MN 56441

      COMMERCIAL (GENERAL) • 0.07 Acres
      Crosby, MN 56441
      View Details

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    Crosby, MN 56441
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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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