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    Property profile & analytics

    12 3rd NE St Aitkin, MN 56431-1422

    • Grocery and convenience stores
    • 2,296 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2679932
    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

    • Block North's Locker room / Restaurant

    Property Details for 12 3rd NE St

    Year built
    1946
    Property size
    2,296 SF
    Property type
    Grocery and convenience stores
    APN
    56-1-016600
    APU
    561016600

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Aitkin
    County
    Aitkin
    State
    Minnesota
    Longitude
    -93.706
    Latitude
    46.5347

    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
    $494
    $11,000
    $95,000
    $106,000
    -
    $11,000
    $95,000
    $106,000

    Comparable in this City

    • Value Estimation
      $330,000
      4,212 SF

      20 3rd NE St

      GROCERY, SUPERMARKET • 4,212 SF
      20 3rd NE St, Aitkin, MN 56431-1422
      View Details
    • Value Estimation
      $390,000
      3,518 SF

      31993 280th St

      CONVENIENCE STORE • 3,518 SF
      31993 280th St, Aitkin, MN 56431-2218
      View Details
    • Value Estimation by Request
      37,124 SF

      171 Red Oak Dr

      GROCERY, SUPERMARKET • 37,124 SF
      171 Red Oak Dr, Aitkin, MN 56431-7432
      View Details
    • Value Estimation
      $1,200,000
      2,640 SF

      13 2nd NW St

      CONVENIENCE STORE • 2,640 SF
      13 2nd NW St, Aitkin, MN 56431-1317
      View Details
    • Value Estimation
      $300,000
      9,384 SF

      22167 State Hwy 47

      CONVENIENCE STORE • 9,384 SF
      22167 State Hwy 47, Aitkin, MN 56431-2079
      View Details
    • Value Estimation
      $330,000
      3,168 SF

      22852 Us Hwy 169

      CONVENIENCE STORE • 3,168 SF
      22852 Us Hwy 169, Aitkin, MN 56431-5586
      View Details

    Similar Nearby for Sale

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      Dollar General Investment Opportunity

      NNN leased Dollar General near Mille Lacs Lake.
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      Prime Location in Aitkin, MN

      High-traffic commercial property near Southgate Shopping Center on 0.99 acres.
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      Hotel and Event Center Package

      39-room hotel with event center and commercial kitchen for sale.
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    • Contact for pricing
      21,002 SF

      Commercial Building in Aitkin, Minnesota

      21,002 SF commercial building on 1.45 acres for sale.
      10 4Th St SE, Aitkin, MN 56431
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    • $285,000
      7,500 SF

      Aitkin Lanes Bowling Alley

      Aitkin Lanes: a local staple for fun and food.
      104 4Th St NE, Aitkin, MN 56431
      View Details
    • $799,000
      4,400 SF

      Established Tavern Eatery on 3 Acres

      Well-established tavern and eatery on over 3 acres of land.
      26838 Us Highway 169, Aitkin, MN 56431
      View Details
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    Aitkin, MN 56431-1422
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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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