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    Property profile & analytics

    113 5Th St Mayer, MN 55360

    • Manufacturing properties
    • 4,644 SF
    • 0.98 lot acres
    For Sale
    View listing
    $112,000
    Value Estimation
    Last Sale
    Dec 20, 2024
    $110,000
    Location Intelligence
    Property ID
    US46-1971753
    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

    • Manufacturing properties

    Property Details for 113 5Th St

    Year built
    1920
    Lot size
    0.98 lot acres
    Property size
    4,644 SF
    Property type
    Manufacturing properties
    APN
    50-0011101
    APU
    500011101

    Description

    This unique 6,250 square foot commercial property located at 113 5th Street NW in Mayer, Minnesota, presents a compelling investment opportunity. Situated on a 0.98-acre lot, this multi-story building boasts a rich history, dating back over a century. While requiring renovations, the substantial size offers considerable flexibility for redevelopment. The existing structure's layout spans two floors, providing ample space for a single large tenant or the potential for multiple smaller tenants. Its prime location offers easy access to nearby Waconia, enhancing its appeal to a wide range of businesses. The property's potential is further amplified by the availability of potential grants and Tax Increment Financing (TIF) opportunities, which could significantly reduce renovation costs. Interested parties are encouraged to contact the city of Mayer for detailed information regarding these financial incentives. This is a rare chance to acquire a substantial property with significant upside in a growing area. The building's existing structure provides a solid foundation for a variety of commercial uses, making it an attractive prospect for developers, investors, and entrepreneurs seeking a unique and potentially lucrative venture. The substantial square footage and generous lot size offer considerable room for expansion or adaptation to suit specific business needs. Don't miss this chance to transform a historic building into a thriving commercial enterprise. The combination of location, size, and potential financial assistance makes this property a truly exceptional investment opportunity.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mayer
    County
    Carver
    State
    Minnesota
    Longitude
    -93.8886
    Latitude
    44.8892
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, 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
    2024
    $4,302
    $42,300
    $13,300
    $55,600
    -
    $42,300
    $13,300
    $55,600

    Comparable in this City

    • Value Estimation
      $355,000
      5,768 SF

      620 Shimmcor St

      MANUFACTURING (LIGHT) • 5,768 SF
      620 Shimmcor St, Mayer, MN 55360-2115
      View Details
    • Value Estimation
      $200,000
      4,800 SF

      301 Ash N Ave

      MANUFACTURING (LIGHT) • 4,800 SF
      301 Ash N Ave, Mayer, MN 55360-9601
      View Details
    • Value Estimation by Request
      11,097 SF

      Mayer, MN 55360

      HEAVY MANUFACTURING • 11,097 SF
      Mayer, MN 55360
      View Details
    • Value Estimation by Request
      1,800 SF

      470 Shimmcor St

      DISTRIBUTION WAREHOUSE • 1,800 SF
      470 Shimmcor St, Mayer, MN 55360-2113
      View Details
    • Value Estimation by Request
      2,500 SF

      323 Shimmcor St

      WAREHOUSE, STORAGE • 2,500 SF
      323 Shimmcor St, Mayer, MN 55360-2112
      View Details
    • Value Estimation
      $200,000
      1,110 SF

      450 Shimmcor St

      DISTRIBUTION WAREHOUSE • 1,110 SF
      450 Shimmcor St, Mayer, MN 55360
      View Details
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    113 5Th St
    Mayer, MN 55360
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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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