Financial
Distress signals
Property profile

115 Elm St Farmington, MN 55024

OFF-MARKET
Other commercial real estate
Property ID
US46-1116510
37,738 SF 4.68 ac lot Built 1994
Last sale Mar 2016 · $3,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This retail property is located off Highway 50 at Elm St in downtown Farmington, providing access for both foot traffic and vehicles. The building is situated near Great Oaks Academy, Kwik Trip, El Charro Mexican, and Celts Pub. It includes a retail suite with approximately 1,250 square feet of space, configured to support a range of retail uses such as boutiques and showrooms.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$70k
Tax billed · 2023
Assessed value · 2022$2.33M
Assessed land$952k
Assessed improvement$1.38M
Effective rate2.99%

Value estimate

· Sep 2026
$3.48M
$3.13M – $3.82M
Submarket $/SF estimate$3.89M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$83/SF
County average, outlier-cleaned · 92 recorded sales of this use type
Observed band · Q1–Q3$46 – $127

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDAKOTA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.8
Spa & Massage10.0
Parking Facility9.6

Location

115 Elm St Farmington, MN 55024-1033
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
21170 Eaton, Farmington, MN 55024-7966 $1,405,651 Oct 2024 12,151 SF
404 3rd, Farmington, MN 55024-1355 $350,000 Sep 2024 10,176 SF
Farmington, MN 55024 $1,010,000 Jul 2022 7,728 SF
5095 211th W, Farmington, MN 55024 $800,000 Dec 2021 11,168 SF
22096 Canton, Farmington, MN 55024-8505 $360,000 Jul 2021 20,728 SF
22015 Canton, Farmington, MN 55024-8505 $3,924,290 Mar 2019 27,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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