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

    115 2nd NE Ave Sleepy Eye, MN 56085-1601

    • Flex space
    • 6,576 SF
    OFF-MARKET
    Value Estimation
    $225,000
    Location Intelligence
    Property ID
    US46-2756683
    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

    • Flex space

    Property Details for 115 2nd NE Ave

    Year built
    1993
    Property size
    6,576 SF
    Property type
    Flex space
    APN
    002.000.023.11.110
    APU
    200002311110

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sleepy Eye
    County
    Brown
    State
    Minnesota
    Longitude
    -94.721
    Latitude
    44.2979
    CBSA code
    35580
    CBSA name
    NEW ULM, 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
    2023
    $0.00
    $22,400
    $261,900
    $284,300
    -
    $22,400
    $261,900
    $284,300

    Comparable in this City

    • Value Estimation by Request
      1,350 SF

      Sleepy Eye, MN 56085

      LIGHT INDUSTRIAL • 1,350 SF
      Sleepy Eye, MN 56085
      View Details
    • Value Estimation by Request
      1,200 SF

      414 Railroad NE St

      LIGHT INDUSTRIAL • 1,200 SF
      414 Railroad NE St, Sleepy Eye, MN 56085
      View Details
    • Value Estimation
      $80,000
      3,705 SF

      130 1st S Ave

      LIGHT INDUSTRIAL • 3,705 SF
      130 1st S Ave, Sleepy Eye, MN 56085-1307
      View Details
    • Value Estimation by Request
      3,360 SF

      811 7th SW Ave

      LIGHT INDUSTRIAL • 3,360 SF
      811 7th SW Ave, Sleepy Eye, MN 56085
      View Details
    • Value Estimation by Request
      2,450 SF

      821 Walnut SW St

      LIGHT INDUSTRIAL • 2,450 SF
      821 Walnut SW St, Sleepy Eye, MN 56085
      View Details
    • Value Estimation
      $165,000
      4,800 SF

      600 Cedar NE St

      LIGHT INDUSTRIAL • 4,800 SF
      600 Cedar NE St, Sleepy Eye, MN 56085
      View Details

    Similar Nearby for Sale

    • $179,000
      1.32 Acres

      New Ulm Industrial Site

      Industrial site with truck and cold storage near MN River.
      317 Water St N, New Ulm, MN 56085
      View Details
    • $125,000
      5,000 SF

      5,000 SF Pole Barn on 2 Acres

      Pole barn on 2 acres, potential for storage or redevelopment.
      25945 Hwy, Sleepy Eye, MN 56085
      View Details
    • $476,000
      39.66 Acres

      Farmland in Home Township, MN

      Approximately 40 acres of farmland with a high CPI rating.
      40 Acres M/L Section 18, Sleepy Eye, MN 56085
      View Details
    • $774,000
      70.37 Acres

      70 Acre Farm Land

      70 acre farm in Home Township, Minnesota for sale.
      70 Acres M/L Section 19, Sleepy Eye, MN 56085
      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.
    115 2nd NE Ave
    Sleepy Eye, MN 56085-1601
    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.