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    Property profile & analytics

    119 Pkwy N Ave Lanesboro, MN 55949

    • Retail space
    • 2,500 SF
    OFF-MARKET
    Value Estimation
    $400,000
    Last Sale
    Aug 16, 2023
    Location Intelligence
    Property ID
    US46-2391667
    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

    • Retail space

    Property Details for 119 Pkwy N Ave

    Year built
    1890
    Property size
    2,500 SF
    Property type
    Retail space
    APN
    19.0193.000
    APU
    190193000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lanesboro
    County
    Fillmore
    State
    Minnesota
    Longitude
    -91.9774
    Latitude
    43.7218
    CBSA code
    40340
    CBSA name
    ROCHESTER, MN METROPOLITAN 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
    2020
    $4,578
    $29,300
    $160,100
    $189,400
    -
    $29,300
    $160,100
    $189,400

    Comparable in this City

    • Value Estimation
      $225,000
      2,592 SF

      101 Pkwy S Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,592 SF
      101 Pkwy S Ave, Lanesboro, MN 55949-9774
      View Details
    • Value Estimation
      $365,000
      1,625 SF

      108 Pkwy N Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,625 SF
      108 Pkwy N Ave, Lanesboro, MN 55949
      View Details
    • Value Estimation
      $210,000
      2,025 SF

      103 Pkwy N Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,025 SF
      103 Pkwy N Ave, Lanesboro, MN 55949
      View Details
    • Value Estimation by Request
      2,500 SF

      110 Coffee St

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      110 Coffee St, Lanesboro, MN 55949
      View Details
    • Value Estimation by Request
      676 SF

      107 Coffee St

      RETAIL STORES (PERSONAL SERVICES) • 676 SF
      107 Coffee St, Lanesboro, MN 55949-9748
      View Details
    • Value Estimation
      $425,000
      2,175 SF

      100 Coffee St

      RETAIL STORES (PERSONAL SERVICES) • 2,175 SF
      100 Coffee St, Lanesboro, MN 55949-2607
      View Details

    Similar Nearby for Sale

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      Pending

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      Turnkey ice cream parlor in a prime tourist location.
      100 Parkway Ave N, Lanesboro, MN 55949
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    • Contact for pricing
      2,000 SF

      Lanesboro Wine Bar & Restaurant

      Turnkey Business, Scenic Location
      102 Coffee St, Lanesboro, MN 55949
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    • $325,000
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      Lanesboro Commercial Building - High Traffic Area

      Downtown Lanesboro, MN - Investment Opportunity
      110 Coffee St, Lanesboro, MN 55949
      View Details
    • $100,000
      Pending

      Commercial Lot in Scenic Lanesboro

      Commercial lot in the heart of scenic Lanesboro, Minnesota.
      105 Parkway Ave N, Lanesboro, MN 55949
      View Details
    • $325,000
      2,400 SF

      Lanesboro Commercial Building - High Traffic

      Prime Lanesboro location, versatile space, high traffic area.
      108 Coffee St, Lanesboro, MN 55949
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    • $94,000

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    119 Pkwy N Ave
    Lanesboro, MN 55949
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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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