Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    241 Main W St Silver Lake, MN 55381

    • Commercial real estate
    • 5,870 SF
    OFF-MARKET
    Value Estimation
    $390,000
    Location Intelligence
    Property ID
    US46-2550725
    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

    • American Legion / Veterans Organization

    Property Details for 241 Main W St

    Year built
    1900
    Property size
    5,870 SF
    Property type
    Commercial real estate
    APN
    19.050.0080
    APU
    190500080

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Silver Lake
    County
    Mcleod
    State
    Minnesota
    Longitude
    -94.198
    Latitude
    44.9028
    CBSA code
    26780
    CBSA name
    HUTCHINSON, 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
    2019
    $5,402
    $25,800
    $155,200
    $181,000
    -
    $25,800
    $155,200
    $181,000

    Comparable in this City

    • Value Estimation by Request
      0.38 Acres

      Silver Lake, MN 55381

      COMMERCIAL (GENERAL) • 0.38 Acres
      Silver Lake, MN 55381
      View Details
    • Value Estimation by Request

      Silver Lake, MN 55381

      COMMERCIAL (GENERAL)
      Silver Lake, MN 55381
      View Details
    • Value Estimation by Request

      Silver Lake, MN 55381

      COMMERCIAL (GENERAL)
      Silver Lake, MN 55381
      View Details
    • Value Estimation by Request
      0.04 Acres

      Silver Lake, MN 55381

      COMMERCIAL (GENERAL) • 0.04 Acres
      Silver Lake, MN 55381
      View Details
    • Value Estimation
      $255,000
      3,554 SF

      916 Hwy 7th 7

      COMMERCIAL (GENERAL) • 3,554 SF
      916 Hwy 7th 7, Silver Lake, MN 55381-4510
      View Details
    • Value Estimation by Request
      59,438 SF

      11908 Hwy 7th 7

      COMMERCIAL (GENERAL) • 59,438 SF
      11908 Hwy 7th 7, Silver Lake, MN 55381
      View Details

    Similar Nearby for Sale

    • $178,000
      1.60 Acres

      Land Near Highway 7

      1.6 acre land parcel near Silver Lake, Minnesota.
      Tbd Xxxx Century Ln And Main St, Silver Lake, MN 55381
      View Details
    • $435,000
      15.30 Acres

      Silver Lake Development Land Available

      15.3+/- acres near Hwy 7 with pre-development agreement.
      Xxx Main St, Silver Lake, MN 55381
      View Details
    • $149,000
      12.25 Acres

      Silver Lake Buildable Land

      12.25 acres of buildable land near Silver Lake, Minnesota.
      Highway 7, Silver Lake, MN 55381
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    241 Main W St
    Silver Lake, MN 55381
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.