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    Property profile & analytics

    1120 2nd NW St Aitkin, MN 56431-1106

    • Warehouses
    • 6,000 SF
    • 4.00 lot acres
    OFF-MARKET
    Value Estimation
    $585,000
    Location Intelligence
    Property ID
    US46-2240847
    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

    • Midwest Machinery Co. / Farm Equipment Supplier / Atv Dealer

    Property Details for 1120 2nd NW St

    Year built
    1977
    Lot size
    4.00 lot acres
    Property size
    6,000 SF
    Property type
    Warehouses
    APN
    56-0-158000
    APU
    560158000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Aitkin
    County
    Aitkin
    State
    Minnesota
    Longitude
    -93.7282
    Latitude
    46.5339

    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
    $18,062
    $116,400
    $428,600
    $545,000
    -
    $116,400
    $428,600
    $545,000

    Comparable in this City

    • Value Estimation by Request
      800 SF

      Aitkin, MN 56431

      WAREHOUSE, STORAGE • 800 SF
      Aitkin, MN 56431
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    • Value Estimation
      $430,000
      4,280 SF

      401 Minnesota N Ave

      WAREHOUSE, STORAGE • 4,280 SF
      401 Minnesota N Ave, Aitkin, MN 56431-1415
      View Details
    • Value Estimation
      $345,000
      6,200 SF

      880 Minnesota S Ave

      MINI-WAREHOUSE, STORAGE • 6,200 SF
      880 Minnesota S Ave, Aitkin, MN 56431
      View Details
    • Value Estimation by Request
      1,856 SF

      107 8th NW Ave

      WAREHOUSE, STORAGE • 1,856 SF
      107 8th NW Ave, Aitkin, MN 56431-1124
      View Details
    • Value Estimation by Request
      6,600 SF

      32069 Deer St

      MINI-WAREHOUSE, STORAGE • 6,600 SF
      32069 Deer St, Aitkin, MN 56431
      View Details
    • Value Estimation by Request
      8,800 SF

      42680 290th St

      WAREHOUSE, STORAGE • 8,800 SF
      42680 290th St, Aitkin, MN 56431-4567
      View Details

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    Aitkin, MN 56431-1106
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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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