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    Property profile & analytics

    1115 Hwy 3rd S Northfield, MN 55057-3084

    • Grocery and convenience stores
    • 2,929 SF
    • 1.07 lot acres
    OFF-MARKET
    Value Estimation
    $450,000
    Location Intelligence
    Property ID
    US46-1443691
    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

    • Grocery and convenience stores

    Property Details for 1115 Hwy 3rd S

    Year built
    1987
    Lot size
    1.07 lot acres
    Property size
    2,929 SF
    Property type
    Grocery and convenience stores
    APN
    22.01.4.29.005
    APU
    2201429005

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Northfield
    County
    Rice
    State
    Minnesota
    Longitude
    -93.1707
    Latitude
    44.4481
    CBSA code
    22060
    CBSA name
    FARIBAULT-NORTHFIELD, 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
    2024
    $19,784
    $325,000
    $303,900
    $628,900
    -
    $325,000
    $303,900
    $628,900

    Comparable in this City

    • Value Estimation
      $480,000
      10,000 SF

      516 Water S St

      GROCERY, SUPERMARKET • 10,000 SF
      516 Water S St, Northfield, MN 55057-2062
      View Details
    • Value Estimation by Request
      241 SF

      500 Laurel Ct

      CONVENIENCE STORE • 241 SF
      500 Laurel Ct, Northfield, MN 55057-1754
      View Details
    • Value Estimation
      $355,000
      2,412 SF

      4476 280th W St

      CONVENIENCE STORE • 2,412 SF
      4476 280th W St, Northfield, MN 55057-5371
      View Details
    • Value Estimation
      $350,000
      2,376 SF

      521 Professional Dr

      CONVENIENCE STORE • 2,376 SF
      521 Professional Dr, Northfield, MN 55057
      View Details
    • Value Estimation
      $465,000
      3,920 SF

      100 Water S St

      CONVENIENCE STORE • 3,920 SF
      100 Water S St, Northfield, MN 55057-2040
      View Details
    • Value Estimation
      $370,000
      1,680 SF

      1500 Hwy 3rd S

      CONVENIENCE STORE • 1,680 SF
      1500 Hwy 3rd S, Northfield, MN 55057-4429
      View Details

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    Northfield, MN 55057-3084
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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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