Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1118 Air Park Dr Aitkin, MN 56431-5626

    • Manufacturing properties
    • 9,450 SF
    OFF-MARKET
    Value Estimation
    $245,000
    Location Intelligence
    Property ID
    US46-2586824
    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 Medical Supply / Medical Supply Store

    Property Details for 1118 Air Park Dr

    Year built
    1994
    Property size
    9,450 SF
    Property type
    Manufacturing properties
    APN
    56-1-177100
    APU
    561177100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $200,000
      6.5%
      $225,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $200,000
      Geo Method
      $195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $245,000
      Mixed-Use
      $240,000
      Hospitality
      $210,000
      Educational
      $230,000
      Residential Income
      $235,000
      Energy
      $190,000
      Income-Based Land
      $245,000
      Food Service
      $240,000

    Location Insight

    • Map
    • Local Demand
    City
    Aitkin
    County
    Aitkin
    State
    Minnesota
    Longitude
    -93.6832
    Latitude
    46.5434

    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
    $5,190
    $33,400
    $163,700
    $197,100
    -
    $33,400
    $163,700
    $197,100

    Comparable in this City

    • Value Estimation
      $320,000
      5,600 SF

      1132 Air Park Dr

      MANUFACTURING (LIGHT) • 5,600 SF
      1132 Air Park Dr, Aitkin, MN 56431-5626
      View Details
    • Value Estimation by Request
      9,768 SF

      1104 Air Park Dr

      MANUFACTURING (LIGHT) • 9,768 SF
      1104 Air Park Dr, Aitkin, MN 56431-5626
      View Details
    • Value Estimation by Request
      88,450 SF

      301 Bunker Hl Dr

      HEAVY MANUFACTURING • 88,450 SF
      301 Bunker Hl Dr, Aitkin, MN 56431-1844
      View Details
    • Value Estimation by Request
      7,680 SF

      995 Pacific NW St

      LUMBER & WOOD PRODUCT MFG • 7,680 SF
      995 Pacific NW St, Aitkin, MN 56431-5974
      View Details
    • Value Estimation by Request
      2,520 SF

      36144 400th Ave

      MANUFACTURING (LIGHT) • 2,520 SF
      36144 400th Ave, Aitkin, MN 56431-6165
      View Details
    • Value Estimation by Request
      13,728 SF

      1015 Pacific NW St

      MANUFACTURING (LIGHT) • 13,728 SF
      1015 Pacific NW St, Aitkin, MN 56431-5754
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.14 Acres

      Aitkin Double Lot in Campground

      Double lot in Sherwood Forest campground with shared amenities.
      B3 London Town, Aitkin, MN 56431
      View Details
    • $55,000
      0.08 Acres

      Recreational Land Near Mille Lacs Lake

      Two lots in Sherwood Forest with park model and amenities.
      3 Nottingham Town, Aitkin, MN 56431
      View Details
    • $84,900
      1.33 Acres

      Sugar Lake Wooded Lot

      1.33 acre wooded lot with 100 feet of shoreline.
      28017 303Rd Pl, Aitkin, MN 56431
      View Details
    • Contact for pricing
      0.08 Acres

      Sherwood Forest Perimeter Lot

      Perimeter lot with bunkhouse in gated campground community.
      C3-12 Sherwood Frst, Aitkin, MN 56431
      View Details
    • $42,000
      0.10 Acres

      Recreational Lot Near Mille Lacs

      Affordable recreational lot with amenities near Mille Lacs Lake.
      12 Canterbury Town, Aitkin, MN 56431
      View Details
    • $239,900
      80.00 Acres

      Aitkin County 80-Acre Parcel

      80 acres in Aitkin County with recreational opportunities.
      34xxx 298Th St, Aitkin, MN 56431
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1118 Air Park Dr
    Aitkin, MN 56431-5626
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.