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    Property profile & analytics

    16233 340th SE St Mentor, MN 56736-9516

    • Turn key restaurants
    • 4,800 SF
    • 3.39 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2231444
    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

    • Lakeview Resort & Restaurant / Restaurant

    Property Details for 16233 340th SE St

    Year built
    1975
    Lot size
    3.39 lot acres
    Property size
    4,800 SF
    Property type
    Turn key restaurants
    APN
    74.00016.00
    APU
    740001600

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mentor
    County
    Polk
    State
    Minnesota
    Longitude
    -96.1189
    Latitude
    47.6729
    CBSA code
    24220
    CBSA name
    GRAND FORKS, ND-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
    2023
    $13,864
    $588,700
    $306,600
    $895,300
    -
    $588,700
    $306,600
    $895,300

    Comparable in this City

    • Value Estimation by Request
      1,518 SF

      Mentor, MN 56736

      RESTAURANT • 1,518 SF
      Mentor, MN 56736
      View Details
    • Value Estimation
      $185,000
      2,361 SF

      110 Garfield N Ave

      RESTAURANT • 2,361 SF
      110 Garfield N Ave, Mentor, MN 56736
      View Details
    • Value Estimation
      $215,000
      1,632 SF

      38 County 12th N

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,632 SF
      38 County 12th N, Mentor, MN 56736
      View Details
    • Value Estimation
      $240,000
      1,512 SF

      47 County 113th N

      FINANCIAL BUILDING • 1,512 SF
      47 County 113th N, Mentor, MN 56736-3633
      View Details
    • Value Estimation
      $245,000
      3,700 SF

      32 County 12th N

      CONVENIENCE STORE • 3,700 SF
      32 County 12th N, Mentor, MN 56736-3602
      View Details
    • Value Estimation
      $385,000
      2,461 SF

      Mentor, MN 56736

      RETAIL STORES (PERSONAL SERVICES) • 2,461 SF
      Mentor, MN 56736
      View Details
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    16233 340th SE St
    Mentor, MN 56736-9516
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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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