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    Property profile & analytics

    116 Main St Chokio, MN 56221

    • Assisted living facilities
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2165655
    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

    • Assisted living facilities

    Property Details for 116 Main St

    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    22-0052-000
    APU
    220052000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chokio
    County
    Stevens
    State
    Minnesota
    Longitude
    -96.1735
    Latitude
    45.5747

    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
    $80
    $2,200
    $5,700
    $7,900
    -
    $2,200
    $5,700
    $7,900

    Comparable in this City

    • Value Estimation by Request

      408 Main St

      COMMERCIAL (GENERAL)
      408 Main St, Chokio, MN 56221
      View Details
    • Value Estimation by Request

      Chokio, MN 56221

      COMMERCIAL (GENERAL)
      Chokio, MN 56221
      View Details
    • Value Estimation by Request

      101 5th S Ave

      COMMERCIAL (GENERAL)
      101 5th S Ave, Chokio, MN 56221
      View Details
    • Value Estimation by Request
      4.27 Acres

      Chokio, MN 56221

      COMMERCIAL (GENERAL) • 4.27 Acres
      Chokio, MN 56221
      View Details
    • Value Estimation by Request
      0.49 Acres

      Chokio, MN 56221

      COMMERCIAL (GENERAL) • 0.49 Acres
      Chokio, MN 56221
      View Details
    • Value Estimation by Request
      2,300 SF

      101 Main St

      Office Properties & Spaces • 2,300 SF
      101 Main St, Chokio, MN 56221
      View Details

    Similar Nearby for Sale

    • $259,000
      Pending

      Chokio Event Center/Office Suites

      Commercial property in Chokio with cash flow potential.
      209 Main St, Chokio, MN 56221
      View Details
    • $79,000
      0.15 Acres

      Well-Maintained Commercial Building in Chokio

      Move-in ready commercial building in a great main street location.
      101 N Main St, Chokio, MN 56221
      View Details
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    116 Main St
    Chokio, MN 56221
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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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