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    Property profile & analytics

    205 Rum Riv Dr Princeton, MN 55371-1618

    • Commercial real estate
    • 4,988 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    May 20, 2020
    $3,000
    Location Intelligence
    Property ID
    US46-1337155
    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

    • Williams Dingmann Family Funeral Homes / Funeral Home
    • United States Postal Service / Post Office / Logistics Service
    • Action Dog Association / Dog Trainer

    Property Details for 205 Rum Riv Dr

    Year built
    1979
    Property size
    4,988 SF
    Property type
    Commercial real estate
    APN
    24-040-0560
    APU
    240400560

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Mille Lacs
    State
    Minnesota
    Longitude
    -93.5806
    Latitude
    45.5716
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 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
    $9,858
    $71,200
    $251,200
    $322,400
    -
    $71,200
    $251,200
    $322,400

    Comparable in this City

    • Value Estimation by Request
      2.58 Acres

      9811 55th St

      COMMERCIAL (GENERAL) • 2.58 Acres
      9811 55th St, Princeton, MN 55371-6540
      View Details
    • Value Estimation by Request

      105 Rum Riv Dr

      COMMERCIAL (GENERAL)
      105 Rum Riv Dr, Princeton, MN 55371-1643
      View Details
    • Value Estimation by Request

      311 Rum Riv Dr

      COMMERCIAL (GENERAL)
      311 Rum Riv Dr, Princeton, MN 55371-2016
      View Details
    • Value Estimation by Request
      960 SF

      Princeton, MN 55371

      COMMERCIAL (GENERAL) • 960 SF
      Princeton, MN 55371
      View Details
    • Value Estimation by Request
      6,000 SF

      9774 18th St

      COMMERCIAL (GENERAL) • 6,000 SF
      9774 18th St, Princeton, MN 55371-6118
      View Details
    • Value Estimation by Request
      1,152 SF

      410 Rum Riv Dr

      COMMERCIAL (GENERAL) • 1,152 SF
      410 Rum Riv Dr, Princeton, MN 55371-2019
      View Details

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    • $500,000
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      Office Building with Private Offices

      Office building featuring private offices, conference room, and kitchenette.
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    Similar Nearby for Lease

    • $19 SF/Yr
      3,520 SF

      Highway Accessible Retail Opportunity

      Former gas station, fuel pumps removed, drive-thru opportunity.
      906 S Rum River Dr, Princeton, MN 55371
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    • $12 SF/Yr
      518 SF

      Office Spaces Available For Rent

      Office spaces available, ranging from 518 to 1835 square feet.
      110-114 S Rum River Dr, Princeton, MN 55371
      View Details
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    205 Rum Riv Dr
    Princeton, MN 55371-1618
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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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