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Property profile & analytics
OFF-MARKET
Commercial real estate
118 Main E St, Remer, MN 56672
Individually Owned
Free & Clear
Property ID
US46-1316789
Property summary
AI-generated overview
This charming 1,584 square foot commercial building, located at 118 Main Street East in Remer, Minnesota, presents a unique investment opportunity. Situated on a 0.09-acre lot, this iconic structure boasts a rich history and undeniable character. The exterior features hand-painted murals created by a local artist, adding to its distinctive appeal and visual interest. Inside, the building retains its original craftsmanship and features attractive tin ceilings, adding to its historical charm and creating a unique atmosphere. This property has served as a successful business location for many years, offering a proven track record for commercial viability. The sale includes the building only
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
1,874 SF
Lot
0.09 ac (3,920 SF)
APN
95-337-0155
UPID
US46-1316789
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cassie Wakefield
Cassie Wakefield
since 2026
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Remer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Remer submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,048
Tax year 2023
Assessed value
$53,300
Assessed 2022
Previous assessed
$59,300
-10.1% YoY
Effective rate
1.97%
On assessed value
Assessed land
$6,000
Assessed improvement
$47,300
Land market value
$6,000
Improvement market value
$47,300
Total market value
$53,300
Applied tax rate
95.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
1,874 SF
Lot
0.09 ac (3,920 SF)
APN
95-337-0155
UPID
US46-1316789
Jurisdiction
CASS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.09 ac
Current owner
From public records · entity-resolved
Cassie Wakefield
Individual
Free & Clear · 0 yrs held
Mailing address
6350 S THUNDER LK DR NE, REMER, MN 56672-3061
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2026
—
Cassie Wakefield
Dale Zorman
Deed
—
Apr 2, 2008
$100,000
Frances K Nicklason
Theresa H Powell
Deed
—
Jan 19, 2006
—
Theresa H Powell
Donald A Powell
Intrafamily Transfer
related
—
Aug 4, 2005
—
Peter Serge Gordienko
Peter Serge Gordienko
Intrafamily Transfer
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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