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    Property profile & analytics

    224 S Main St Zumbrota, MN 55992

    • Retail space
    • 4,692 SF
    For Sale
    View listing
    $394,900
    Value Estimation
    Last Sale
    Mar 04, 2021
    $325,000
    Location Intelligence
    Property ID
    US46-1184367
    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

    • Chubby Chique Boutique / Plus Size Clothing Store
    • ID Games / Game Store

    Property Details for 224 S Main St

    Year built
    1940
    Property size
    4,692 SF
    Property type
    Retail space
    APN
    72.100.1330
    APU
    721001330

    Description

    This exceptional commercial property at 224 S Main St, Zumbrota, MN 55992, offers a unique opportunity to lease retail or office space in a high-traffic downtown location. The building, constructed in 1940, boasts a total of 4,692 square feet across two stories and comprises multiple units suitable for a variety of businesses. One street-level unit offers approximately 1,056 square feet, including a small kitchenette, while another street-level space provides approximately 460 square feet with excellent window visibility. A third, larger space (approximately 3,500 square feet) is available in the lower level, ideal for light manufacturing, storage, or industrial uses, featuring a dedicated garage door. This property sits on a busy intersection, ensuring high visibility and accessibility for your business. The versatile spaces are perfect for professional, retail, or office businesses seeking a prominent location in the heart of Zumbrota. The building's prime location and multiple unit options provide flexibility for various business needs and sizes. This is an excellent opportunity to establish or expand your business in a thriving community. The property's history adds character, while its modern adaptability ensures it meets the needs of today's businesses. Don't miss this chance to secure a space in this desirable downtown Zumbrota location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $305,000
      6.5%
      $340,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $345,000
      Geo Method
      $310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $355,000
      Retail
      $345,000
      Mixed-Use
      $370,000
      Hospitality
      $300,000
      Educational
      $335,000
      Residential Income
      $320,000
      Energy
      $350,000
      Income-Based Land
      $355,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Zumbrota
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.6695
    Latitude
    44.2948
    CBSA code
    39860
    CBSA name
    RED WING, MN MICROPOLITAN 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
    $7,020
    $57,600
    $208,800
    $266,400
    -
    $57,600
    $208,800
    $266,400

    Comparable in this City

    • Value Estimation by Request
      19,352 SF

      228 Ww Ave

      RETAIL STORES (PERSONAL SERVICES) • 19,352 SF
      228 Ww Ave, Zumbrota, MN 55992-1548
      View Details
    • Value Estimation
      $355,000
      3,196 SF

      Zumbrota, MN 55992

      RETAIL STORES (PERSONAL SERVICES) • 3,196 SF
      Zumbrota, MN 55992
      View Details
    • Value Estimation
      $265,000
      2,500 SF

      237 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      237 Main St, Zumbrota, MN 55992-1541
      View Details
    • Value Estimation by Request
      4,059 SF

      Zumbrota, MN 55992

      RETAIL STORES (PERSONAL SERVICES) • 4,059 SF
      Zumbrota, MN 55992
      View Details
    • Value Estimation
      $220,000
      3,660 SF

      36 4th St

      RETAIL STORES (PERSONAL SERVICES) • 3,660 SF
      36 4th St, Zumbrota, MN 55992-1598
      View Details
    • Value Estimation
      $210,000
      8,670 SF

      85 4th St

      RETAIL STORES (PERSONAL SERVICES) • 8,670 SF
      85 4th St, Zumbrota, MN 55992-1533
      View Details

    Similar Nearby for Sale

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    224 S Main St
    Zumbrota, MN 55992
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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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