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    Property profile & analytics

    121 2nd NE Ave Sleepy Eye, MN 56085-1697

    • Outlet malls
    • 20,810 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2392821
    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

    • Outlet malls

    Property Details for 121 2nd NE Ave

    Year built
    1960
    Property size
    20,810 SF
    Property type
    Outlet malls
    APN
    002.000.023.01.011
    APU
    200002301011

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sleepy Eye
    County
    Brown
    State
    Minnesota
    Longitude
    -94.7203
    Latitude
    44.2985
    CBSA code
    35580
    CBSA name
    NEW ULM, 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
    $2,022
    $34,800
    $75,600
    $110,400
    -
    $34,800
    $75,600
    $110,400

    Comparable in this City

    • Value Estimation
      $230,000
      8,560 SF

      Sleepy Eye, MN 56085

      WHOLESALE OUTLET, DISCOUNT STORE • 8,560 SF
      Sleepy Eye, MN 56085
      View Details
    • Value Estimation
      $385,000
      12,750 SF

      1200 Main E St

      WHOLESALE OUTLET, DISCOUNT STORE • 12,750 SF
      1200 Main E St, Sleepy Eye, MN 56085-1699
      View Details
    • Value Estimation
      $220,000
      3,741 SF

      541 Main E St

      WHOLESALE OUTLET, DISCOUNT STORE • 3,741 SF
      541 Main E St, Sleepy Eye, MN 56085-1643
      View Details
    • Value Estimation
      $320,000
      2,500 SF

      229 Main W St

      WHOLESALE OUTLET, DISCOUNT STORE • 2,500 SF
      229 Main W St, Sleepy Eye, MN 56085-1329
      View Details
    • Value Estimation
      $360,000
      7,800 SF

      200 3rd SW Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 7,800 SF
      200 3rd SW Ave, Sleepy Eye, MN 56085-1324
      View Details
    • Value Estimation
      $465,000
      7,816 SF

      617 Main E St

      WHOLESALE OUTLET, DISCOUNT STORE • 7,816 SF
      617 Main E St, Sleepy Eye, MN 56085-1645
      View Details

    Similar Nearby for Sale

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      Approximately 40 acres of farmland with a high CPI rating.
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    • $774,000
      70.37 Acres

      70 Acre Farm Land

      70 acre farm in Home Township, Minnesota for sale.
      70 Acres M/L Section 19, Sleepy Eye, MN 56085
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    • $179,000
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      New Ulm Industrial Site

      Industrial site with truck and cold storage near MN River.
      317 Water St N, New Ulm, MN 56085
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    • $125,000
      5,000 SF

      5,000 SF Pole Barn on 2 Acres

      Pole barn on 2 acres, potential for storage or redevelopment.
      25945 Hwy, Sleepy Eye, MN 56085
      View Details
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    Sleepy Eye, MN 56085-1697
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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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