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    Property profile & analytics

    224 Hwy 2nd W Floodwood, MN 55736-4538

    • Commercial real estate
    • 2,661 SF
    OFF-MARKET
    Value Estimation
    $455,000
    Location Intelligence
    Property ID
    US46-1536270
    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 224 Hwy 2nd W

    Year built
    1977
    Property size
    2,661 SF
    Property type
    Commercial real estate
    APN
    125-0010-03950
    APU
    125001003950

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Floodwood
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.9184
    Latitude
    46.9263
    CBSA code
    20260
    CBSA name
    DULUTH, 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
    2024
    $9,770
    $22,700
    $183,400
    $206,100
    -
    $22,700
    $183,400
    $206,100

    Comparable in this City

    • Value Estimation by Request
      1,512 SF

      108 7th W Ave

      COMMERCIAL (GENERAL) • 1,512 SF
      108 7th W Ave, Floodwood, MN 55736
      View Details
    • Value Estimation by Request
      420 SF

      11832 Eagle Rd

      COMMERCIAL (GENERAL) • 420 SF
      11832 Eagle Rd, Floodwood, MN 55736
      View Details
    • Value Estimation
      $380,000
      1,337 SF

      302 Hwy 2nd W

      COMMERCIAL (GENERAL) • 1,337 SF
      302 Hwy 2nd W, Floodwood, MN 55736
      View Details
    • Value Estimation
      $65,000
      2,208 SF

      124 Hwy 2nd W

      COMMERCIAL (GENERAL) • 2,208 SF
      124 Hwy 2nd W, Floodwood, MN 55736-4554
      View Details
    • Value Estimation
      $345,000
      1,608 SF

      601 Hwy 73

      COMMERCIAL (GENERAL) • 1,608 SF
      601 Hwy 73, Floodwood, MN 55736-8450
      View Details
    • Value Estimation by Request

      Floodwood, MN 55736

      COMMERCIAL (GENERAL)
      Floodwood, MN 55736
      View Details

    Similar Nearby for Sale

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    • $90,000
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    224 Hwy 2nd W
    Floodwood, MN 55736-4538
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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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