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    Property profile & analytics

    1 2Nd St Aitkin, MN 56431

    • Retail space
    • 3,000 SF
    For Sale
    View listing
    $350,000
    Value Estimation
    Location Intelligence
    Property ID
    US46-2000522
    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

    • Aitkin Flowers & Gifts / Florist / Gift Shop

    Property Details for 1 2Nd St

    Year built
    1900
    Property size
    3,000 SF
    Property type
    Retail space
    APN
    56-1-004800
    APU
    561004800

    Description

    Prime downtown Aitkin location on a high-visibility corner of Highways 210 and 169, this 5,000 sq ft property boasts a well-established flower shop with a strong online presence and loyal customer base spanning a 40-mile radius. The business has a proven track record of success for over 50 years, generating significant revenue through both in-store sales and its user-friendly website, which accounts for approximately 75% of flower sales. The versatile space offers potential for continued operation as a flower shop or adaptation to other business ventures. Adding to the investment potential are four income-generating apartments located above the retail space: two 1-bedroom, 1-bathroom units and two 2-bedroom, 1-bathroom units, all occupied by long-term tenants with secure keyed access. The property sits on a 0.07-acre lot and features a roof replaced just 5 years ago. Aitkin offers a charming small-town atmosphere with vibrant community events, beautiful natural surroundings, and proximity to recreational activities. This presents a unique opportunity to acquire a thriving business with significant upside potential in a desirable location.

    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%
      $285,000
      6.5%
      $270,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $245,000
      Mixed-Use
      $280,000
      Hospitality
      $295,000
      Educational
      $240,000
      Residential Income
      $305,000
      Energy
      $250,000
      Income-Based Land
      $270,000
      Food Service
      $325,000

    Location Insight

    • Map
    • Local Demand
    City
    Aitkin
    County
    Aitkin
    State
    Minnesota
    Longitude
    -93.7069
    Latitude
    46.5332

    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
    $3,848
    $38,600
    $158,700
    $197,300
    -
    $38,600
    $158,700
    $197,300

    Comparable in this City

    • Value Estimation
      $225,000
      1,360 SF

      12 Minnesota S Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,360 SF
      12 Minnesota S Ave, Aitkin, MN 56431-1621
      View Details
    • Value Estimation by Request
      420 SF

      122 Minnesota N Ave

      RETAIL STORES (PERSONAL SERVICES) • 420 SF
      122 Minnesota N Ave, Aitkin, MN 56431-1410
      View Details
    • Value Estimation
      $185,000
      1,700 SF

      18 2nd NE St

      RETAIL STORES (PERSONAL SERVICES) • 1,700 SF
      18 2nd NE St, Aitkin, MN 56431-1420
      View Details
    • Value Estimation
      $205,000
      3,210 SF

      221 Minnesota N Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,210 SF
      221 Minnesota N Ave, Aitkin, MN 56431-1428
      View Details
    • Value Estimation
      $215,000
      2,650 SF

      207 Minnesota N Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,650 SF
      207 Minnesota N Ave, Aitkin, MN 56431-1411
      View Details
    • Value Estimation
      $215,000
      2,500 SF

      205 Minnesota N Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      205 Minnesota N Ave, Aitkin, MN 56431-1411
      View Details

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    1 2Nd St
    Aitkin, MN 56431
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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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