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    Property profile & analytics

    1623 2nd Ave International Falls, MN 56649-3449

    • Drive through restaurants
    • 2,184 SF
    OFF-MARKET
    Value Estimation
    $340,000
    Location Intelligence
    Property ID
    US46-2237679
    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

    • Drive through restaurants

    Property Details for 1623 2nd Ave

    Property size
    2,184 SF
    Property type
    Drive through restaurants
    APN
    92-129-08090
    APU
    9212908090

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    International Falls
    County
    Koochiching
    State
    Minnesota
    Longitude
    -93.4023
    Latitude
    48.5888

    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
    $2,590
    $29,300
    $84,700
    $114,000
    -
    $29,300
    $84,700
    $114,000

    Comparable in this City

    • Value Estimation
      $520,000
      4,690 SF

      1700 2nd Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,690 SF
      1700 2nd Ave, International Falls, MN 56649-3445
      View Details
    • Value Estimation by Request
      2,670 SF

      1306 3rd Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,670 SF
      1306 3rd Ave, International Falls, MN 56649-2958
      View Details
    • Value Estimation
      $225,000
      3,300 SF

      338 3rd St

      RESTAURANT • 3,300 SF
      338 3rd St, International Falls, MN 56649-2301
      View Details
    • Value Estimation
      $460,000
      4,835 SF

      301 3rd Ave

      RESTAURANT • 4,835 SF
      301 3rd Ave, International Falls, MN 56649-2444
      View Details
    • Value Estimation
      $225,000
      2,688 SF

      1200 3rd Ave

      RESTAURANT • 2,688 SF
      1200 3rd Ave, International Falls, MN 56649-2956
      View Details
    • Value Estimation by Request
      1,344 SF

      2079 Spruce St

      RESTAURANT • 1,344 SF
      2079 Spruce St, Ranier, MN 56649
      View Details

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      2820 sq ft commercial building in a high-traffic location.
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      Commercial Building in Prime Location

      3113 sq ft commercial building in high-demand International Falls location.
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      Rainy Lake Commercial Island Property

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      Rainy Lake Shoreline Boat Landing

      Protected boat landing on Rainy Lake with shoreline and docks.
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      View Details

    Property Visit Statistics

    • Visits by month
      2.6k
    • Visitors by month
      941
    • Avg Time on site
      19 min
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    1623 2nd Ave
    International Falls, MN 56649-3449
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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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