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Property profile & analytics

119 Main E St Remer, MN 56672

  • Commercial real estate
  • 2,040 SF
  • 0.22 lot acres
OFF-MARKET
Value Estimation
$185,000
Last Sale
Jan 04, 2024
$175,000
Location Intelligence
Property ID
US46-1356007
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 119 Main E St

Lot size
0.22 lot acres
Property size
2,040 SF
Property type
Commercial real estate
APN
95-337-0405
APU
953370405

Description

This exceptional commercial property, situated at 119 Main Street East in Remer, Minnesota, presents a unique investment opportunity. The 3,000 square foot building, located on a 0.2-acre lot in the heart of downtown and directly on MN-200, houses a thriving and fully updated laundry and car wash business. The laundry facility boasts four large-capacity washers ideal for heavy loads, six standard-capacity washers, and ten dryers, ensuring efficient and convenient service for customers. The immaculate and well-maintained space provides a clean and comfortable environment for patrons. The car wash component includes one automatic bay for quick and easy cleaning, and one hand wash bay catering to those preferring a more personalized approach. This combined business model benefits from a high-traffic location, easily accessible to both local residents and tourists traveling along MN-200. The property's prime location and the established nature of the business make it an attractive prospect for a savvy investor seeking a turnkey operation with significant income potential. The asking price is $499,900. This is a rare chance to acquire a profitable, established business in a desirable location. The property is ready for immediate operation and offers a strong return on investment.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $175,000
  • CAP approach

    CAP return
    Estimation
    6%
    $205,000
    6.5%
    $220,000
    7%
    $210,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $185,000
    Geo Method
    $235,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $185,000
    Retail
    $200,000
    Mixed-Use
    $170,000
    Hospitality
    $190,000
    Educational
    $180,000
    Residential Income
    $225,000
    Energy
    $195,000
    Income-Based Land
    $220,000
    Food Service
    $215,000

Location Insight

  • Map
  • Local Demand
City
Remer
County
Cass
State
Minnesota
Longitude
-93.915
Latitude
47.056
CBSA code
14660
CBSA name
BRAINERD, 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
$2,322
$15,000
$105,000
$120,000
-
$15,000
$105,000
$120,000
More about this property
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