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    Property profile & analytics

    107 Main St Aurora, MN 55705

    • Commercial real estate
    • 2,016 SF
    For Sale
    View listing
    $55,000
    Value Estimation
    Last Sale
    Mar 15, 2023
    $57,500
    Location Intelligence
    Property ID
    US46-3017942
    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

    • Andrea Conklin American Family Insurance / Insurance Agency
    • American Family Insurance / Insurance Company

    Property Details for 107 Main St

    Year built
    1987
    Property size
    2,016 SF
    Property type
    Commercial real estate
    APN
    015-0030-00550
    APU
    15003000550

    Description

    This exceptional 0.07-acre property at 107 N Main St, Aurora, MN, presents a unique blend of commercial and residential space. The ground floor boasts a versatile commercial area with high street visibility, perfect for a variety of businesses seeking a dynamic downtown location. Its prime position ensures excellent foot traffic and community engagement, offering significant potential for growth and profitability. Upstairs, a spacious three-bedroom apartment provides a substantial residential component. This area requires some renovation, presenting a fantastic opportunity for value-add improvements and the generation of rental income. The flexible layout allows for creative adaptation to suit diverse business and living needs, making it an ideal live-work solution. The property's location in the heart of Aurora offers easy access to local amenities and services. This is a rare chance to acquire a property with significant upside potential, combining commercial viability with residential comfort. The asking price is $55,000. This represents a compelling investment for those seeking a hands-on project with the potential for substantial returns. The property's strong location and adaptable design make it a standout opportunity in the Aurora market. Serious inquiries are encouraged.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Biwabik
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.3471
    Latitude
    47.5333
    CBSA code
    20260
    CBSA name
    DULUTH, MN-WI METROPOLITAN 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
    $1,394
    $5,400
    $46,100
    $51,500
    -
    $5,400
    $46,100
    $51,500

    Comparable in this City

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      404 Main S St

      COMMERCIAL (GENERAL) • 3,788 SF
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    • Value Estimation by Request
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      113 Main St

      COMMERCIAL (GENERAL) • 1,152 SF
      113 Main St, Biwabik, MN 55708
      View Details

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    107 Main St
    Aurora, MN 55705
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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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