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Financial
Distress signals
Property profile

511 Washington Ave Detroit Lakes, MN 56501

OFF-MARKET
Distribution centers
Property ID
US46-2752963
13,386 SF 0.5 ac lot Built 1916
Last sale Feb 2023 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 511 Washington Avenue in Detroit Lakes is a mixed flex/commercial building constructed in 1916, totaling more than 11,000 square feet of upper-level space. It includes a 2,400-square-foot warehouse area with an independent entrance and a 4,800-square-foot basement. The interior layout features multiple private offices, a reception area, storage areas, and a conveyor belt lift system connecting the basement to the upper levels. The building is situated on Washington Avenue,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value$659k
Assessed land$68k
Assessed improvement$591k
Effective rate2.60%

Value estimate

· Oct 2026
$460k
$414k – $506k
AI approach$500k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$113/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$46 – $222

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBECKER

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store9.3
Dry Cleaner8.6
HVAC Service8.4

Location

511 Washington Ave Detroit Lakes, MN 56501-3007
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
503 Frnt E, Detroit Lakes, MN 56501-2820 $1,206,050 Oct 2024 69,043 SF
444 Morrow, Detroit Lakes, MN 56501-2212 $500,000 Sep 2022 1,109 SF
1390 8th SE, Detroit Lakes, MN 56501 $687,500 Oct 2021 1,008 SF
29000 Us Hwy 10, Detroit Lakes, MN 56501-7416 $475,000 Apr 2021 11,200 SF
505 Smt, Detroit Lakes, MN 56501 $837,760 Nov 2019 10,580 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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