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    Property profile & analytics

    116 Main St Plato, MN 55370

    • Commercial real estate
    • 1,965 SF
    OFF-MARKET
    Value Estimation
    $210,000
    Location Intelligence
    Property ID
    US46-2265033
    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

    • Lu Lu's Lounge / Bar

    Property Details for 116 Main St

    Year built
    1900
    Property size
    1,965 SF
    Property type
    Commercial real estate
    APN
    18.050.0190
    APU
    180500190

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Plato
    County
    Mcleod
    State
    Minnesota
    Longitude
    -94.0388
    Latitude
    44.7728
    CBSA code
    26780
    CBSA name
    HUTCHINSON, 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
    2022
    $1,642
    $25,900
    $57,900
    $83,800
    -
    $25,900
    $57,900
    $83,800

    Comparable in this City

    • Value Estimation by Request
      5.61 Acres

      Plato, MN 55370

      COMMERCIAL (GENERAL) • 5.61 Acres
      Plato, MN 55370
      View Details
    • Value Estimation by Request
      2,068 SF

      9 1st NE Ave

      COMMERCIAL (GENERAL) • 2,068 SF
      9 1st NE Ave, Plato, MN 55370
      View Details
    • Value Estimation
      $245,000
      18,610 SF

      104 Mcleod S Ave

      COMMERCIAL (GENERAL) • 18,610 SF
      104 Mcleod S Ave, Plato, MN 55370-5409
      View Details
    • Value Estimation by Request
      0.78 Acres

      Plato, MN 55370

      COMMERCIAL (GENERAL) • 0.78 Acres
      Plato, MN 55370
      View Details
    • Value Estimation
      $540,000
      2.78 Acres

      150 4th SE Ave

      COMMERCIAL (GENERAL) • 2.78 Acres
      150 4th SE Ave, Plato, MN 55370
      View Details
    • Value Estimation by Request
      3,200 SF

      216 2nd NE St

      COMMERCIAL (GENERAL) • 3,200 SF
      216 2nd NE St, Plato, MN 55370
      View Details
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    116 Main St
    Plato, MN 55370
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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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