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    Property profile & analytics

    15 2nd NE Ave Elgin, MN 55932-9686

    • Grocery and convenience stores
    • 2,400 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US46-2991046
    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

    • Grocery and convenience stores

    Property Details for 15 2nd NE Ave

    Year built
    1950
    Lot size
    0.50 lot acres
    Property size
    2,400 SF
    Property type
    Grocery and convenience stores
    APN
    R19.00033.00
    APU
    R190003300

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Wabasha
    State
    Minnesota
    Longitude
    -92.2498
    Latitude
    44.1308
    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
    2024
    $6,004
    $43,200
    $204,400
    $247,600
    -
    $43,200
    $204,400
    $247,600

    Comparable in this City

    • Value Estimation
      $205,000
      3,480 SF

      125 2nd SE Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,480 SF
      125 2nd SE Ave, Elgin, MN 55932-9732
      View Details
    • Value Estimation
      $295,000
      2,988 SF

      155 Main E St

      FINANCIAL BUILDING • 2,988 SF
      155 Main E St, Elgin, MN 55932-9731
      View Details
    • Value Estimation by Request
      4,500 SF

      124 2nd SE Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      124 2nd SE Ave, Elgin, MN 55932-9732
      View Details
    • Value Estimation
      $300,000
      5,700 SF

      35 Ctr S Ave

      SHOW ROOM, WAREHOUSE • 5,700 SF
      35 Ctr S Ave, Elgin, MN 55932
      View Details
    • Value Estimation
      $90,000
      12,000 SF

      720 Industrial SE Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 12,000 SF
      720 Industrial SE Dr, Elgin, MN 55932-9747
      View Details
    • Value Estimation
      $170,000
      4,800 SF

      132 2nd SE Ave

      AUTO REPAIR, GARAGE • 4,800 SF
      132 2nd SE Ave, Elgin, MN 55932-9762
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.16 Acres

      Elgin Industrial Lot - Last One!

      Prime 1.16-acre commercial lot in Elgin, MN.
      680 Industrial Dr, Elgin, MN 55932
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    • $85,000
      0.42 Acres

      Residential Land in Elgin, MN

      Residential lot suitable for walkout ranch or two-story home.
      110 Rolling Hills Dr, Potsdam, MN 55932
      View Details
    • $85,000
      0.44 Acres

      Residential Lot in Elgin, MN

      Residential lot suitable for a walkout ranch or two-story home.
      80 Rolling Hills Dr, Potsdam, MN 55932
      View Details
    • $70,000
      0.44 Acres

      Residential Land in Elgin, MN

      Residential lot suitable for building a dream home.
      105 Rolling Hills Dr, Potsdam, MN 55932
      View Details
    • $63,162

      Elgin Business Park Land

      Land for sale in Elgin Business Park with city utilities.
      705 Industrial Dr SE, Elgin, MN 55932
      View Details
    • $70,000
      0.44 Acres

      Residential Land in Elgin, MN

      Residential land suitable for building a dream home near Rochester.
      115 Rolling Hills Dr, Potsdam, MN 55932
      View Details
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    15 2nd NE Ave
    Elgin, MN 55932-9686
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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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