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    Property profile & analytics

    16 1st W Ave Grand Marais, MN 55604

    • Commercial real estate
    • 5,386 SF
    OFF-MARKET
    Value Estimation
    $340,000
    Location Intelligence
    Property ID
    US46-1239948
    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 16 1st W Ave

    Year built
    1970
    Property size
    5,386 SF
    Property type
    Commercial real estate
    APN
    80-146-0205
    APU
    801460205

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grand Marais
    County
    Cook
    State
    Minnesota
    Longitude
    -90.3341
    Latitude
    47.75

    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
    $9,402
    $232,300
    $153,300
    $385,600
    -
    $232,300
    $153,300
    $385,600

    Comparable in this City

    • Value Estimation by Request
      2,388 SF

      1504 Gunflint Trl

      COMMERCIAL (GENERAL) • 2,388 SF
      1504 Gunflint Trl, Grand Marais, MN 55604-2000
      View Details
    • Value Estimation by Request
      1,224 SF

      391 Hwy 61

      COMMERCIAL (GENERAL) • 1,224 SF
      391 Hwy 61, Grand Marais, MN 55604
      View Details
    • Value Estimation
      $320,000
      1,728 SF

      128 Gunflint Trl

      COMMERCIAL (GENERAL) • 1,728 SF
      128 Gunflint Trl, Grand Marais, MN 55604
      View Details
    • Value Estimation by Request
      1,800 SF

      404 Hwy 61

      COMMERCIAL (GENERAL) • 1,800 SF
      404 Hwy 61, Grand Marais, MN 55604
      View Details
    • Value Estimation by Request
      10,728 SF

      431 Hwy 61

      COMMERCIAL (GENERAL) • 10,728 SF
      431 Hwy 61, Grand Marais, MN 55604
      View Details
    • Value Estimation
      $400,000
      3,801 SF

      601 Wisconsin St

      COMMERCIAL (GENERAL) • 3,801 SF
      601 Wisconsin St, Grand Marais, MN 55604
      View Details

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    Property Visit Statistics

    • Visits by month
      2.0k
    • Visitors by month
      1.0k
    • Avg Time on site
      14 min
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    16 1st W Ave
    Grand Marais, MN 55604
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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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