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    Property profile & analytics

    1023 1st NE Ave Little Falls, MN 56345-3336

    • Retail space
    • 14,406 SF
    OFF-MARKET
    Value Estimation
    $3,400,000
    Last Sale
    Nov 08, 2023
    $3,600,000
    Location Intelligence
    Property ID
    US46-1946468
    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

    • Walgreens Photo / Photo Lab / Photo Shop
    • Walgreens Pharmacy / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm
    • Walgreens / Drug Store / Beauty Supply Store
    • Western Union / Money Transfer Service

    Property Details for 1023 1st NE Ave

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    14,406 SF
    Property type
    Retail space
    APN
    48.3118.000
    APU
    483118000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,170,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,970,000
      6.5%
      $3,685,000
      7%
      $3,955,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,865,000
      Geo Method
      $3,470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,890,000
      Retail
      $3,585,000
      Mixed-Use
      $4,605,000
      Hospitality
      $4,595,000
      Educational
      $4,275,000
      Residential Income
      $4,505,000
      Energy
      $3,635,000
      Income-Based Land
      $3,600,000
      Food Service
      $3,540,000

    Location Insight

    • Map
    • Local Demand
    City
    Little Falls
    County
    Morrison
    State
    Minnesota
    Longitude
    -94.3459
    Latitude
    45.9763

    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
    $62,764
    $276,800
    $1,675,500
    $1,952,300
    -
    $276,800
    $1,675,500
    $1,952,300

    Comparable in this City

    • Value Estimation
      $115,000
      3,543 SF

      103 1st SE St

      RETAIL STORES (PERSONAL SERVICES) • 3,543 SF
      103 1st SE St, Little Falls, MN 56345-3001
      View Details
    • Value Estimation
      $840,000
      89,850 SF

      1800 1st NE Ave

      RETAIL STORES (PERSONAL SERVICES) • 89,850 SF
      1800 1st NE Ave, Little Falls, MN 56345-3381
      View Details
    • Value Estimation
      $175,000
      2,088 SF

      202 1st NE St

      RETAIL STORES (PERSONAL SERVICES) • 2,088 SF
      202 1st NE St, Little Falls, MN 56345-2604
      View Details
    • Value Estimation
      $110,000
      8,000 SF

      108 1st SE St

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      108 1st SE St, Little Falls, MN 56345-3002
      View Details
    • Value Estimation
      $240,000
      6,000 SF

      200 5th NE St

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      200 5th NE St, Little Falls, MN 56345-2735
      View Details
    • Value Estimation
      $365,000
      11,360 SF

      118 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 11,360 SF
      118 Broadway, Little Falls, MN 56345-3039
      View Details

    Similar Nearby for Sale

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      Residential Lots in Little Falls

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    • Contact for pricing
      1.00 Acre

      Prime Little Falls Commercial Land

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      Residential Lots in Little Falls

      Residential lots with city utilities, convenient location, and no restrictions.
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    Similar Nearby for Lease

    • $23 SF/Yr
      2,400 SF

      New Office Space for Lease

      Modern office space near Broadway Ave and Mississippi River.
      117 Wood St, Little Falls, MN 56345
      View Details
    • Contact for pricing
      40,000 SF

      Industrial Space in Little Falls

      Industrial space for lease near Hwy 371 and Hwy 10.
      609 13Th Ave NE, Little Falls, MN 56345
      View Details
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    Little Falls, MN 56345-3336
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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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