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    Property profile & analytics

    116 2nd St Litchfield, MN 55355-2117

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-3039952
    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

    • Commercial real estate

    Property Details for 116 2nd St

    Property type
    Commercial real estate
    APN
    27-0758001
    APU
    270758001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield
    County
    Meeker
    State
    Minnesota
    Longitude
    -94.5305
    Latitude
    45.1277

    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
    $912
    $14,700
    $36,700
    $51,400
    -
    $14,700
    $36,700
    $51,400

    Comparable in this City

    • Value Estimation by Request

      338 Hwy 12us

      COMMERCIAL (GENERAL)
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    • Value Estimation by Request
      1.86 Acres

      Litchfield, MN 55355

      COMMERCIAL (GENERAL) • 1.86 Acres
      Litchfield, MN 55355
      View Details
    • Value Estimation by Request
      3.50 Acres

      60504 255th St

      COMMERCIAL (GENERAL) • 3.50 Acres
      60504 255th St, Litchfield, MN 55355
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    • Value Estimation by Request

      975 Frontage E Rd

      COMMERCIAL (GENERAL)
      975 Frontage E Rd, Litchfield, MN 55355-2613
      View Details
    • Value Estimation by Request

      1021 Frontage E Rd

      COMMERCIAL (GENERAL)
      1021 Frontage E Rd, Litchfield, MN 55355-2602
      View Details
    • Value Estimation by Request

      2226 Frontage E Rd

      COMMERCIAL (GENERAL)
      2226 Frontage E Rd, Litchfield, MN 55355-4563
      View Details

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      Litchfield Walmart Outlot - 1.52 Acres

      Prime Commercial Land, High Visibility, Hwy 12
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    116 2nd St
    Litchfield, MN 55355-2117
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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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