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    Property profile & analytics

    118 Main St Vergas, MN 56587-4001

    • Commercial real estate
    • 442 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-1212612
    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

    • Otter Coffee and Ice Cream / Coffee Shop
    • Otterbeck Realty LLC / Real Estate Agency

    Property Details for 118 Main St

    Year built
    1910
    Property size
    442 SF
    Property type
    Commercial real estate
    APN
    82000990056000
    APU
    82000990056000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vergas
    County
    Otter Tail
    State
    Minnesota
    Longitude
    -95.8054
    Latitude
    46.657
    CBSA code
    22260
    CBSA name
    FERGUS FALLS, 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
    2023
    $822
    $5,900
    $24,000
    $29,900
    -
    $5,900
    $24,000
    $29,900

    Comparable in this City

    • Value Estimation by Request
      6,240 SF

      160 1st S Ave

      COMMERCIAL (GENERAL) • 6,240 SF
      160 1st S Ave, Vergas, MN 56587-4022
      View Details
    • Value Estimation
      $320,000
      0.57 Acres

      Vergas, MN 56587

      COMMERCIAL (GENERAL) • 0.57 Acres
      Vergas, MN 56587
      View Details
    • Value Estimation
      $295,000
      2,640 SF

      219 Frazee Ave

      COMMERCIAL (GENERAL) • 2,640 SF
      219 Frazee Ave, Vergas, MN 56587-4205
      View Details
    • Value Estimation
      $330,000
      10,256 SF

      137 Main St

      COMMERCIAL (GENERAL) • 10,256 SF
      137 Main St, Vergas, MN 56587-4000
      View Details
    • Value Estimation by Request

      Vergas, MN 56587

      COMMERCIAL (GENERAL)
      Vergas, MN 56587
      View Details
    • Value Estimation by Request
      31,744 SF

      215 Frazee Ave

      COMMERCIAL (GENERAL) • 31,744 SF
      215 Frazee Ave, Vergas, MN 56587
      View Details
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    118 Main St
    Vergas, MN 56587-4001
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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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