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    Property profile & analytics

    27 2nd SW St Eyota, MN 55934-9708

    • Banks
    • 3,941 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Last Sale
    Aug 02, 2023
    $300,000
    Location Intelligence
    Property ID
    US46-1292405
    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

    • Ihrke Geri / Insurance Agency

    Property Details for 27 2nd SW St

    Year built
    1977
    Lot size
    0.39 lot acres
    Property size
    3,941 SF
    Property type
    Banks
    APN
    62.14.24.028195
    APU
    621424028195

    Description

    This 3,941-square-foot, two-story Class B commercial building in downtown Eyota, Minnesota, presents a unique investment opportunity. Located on a 0.39-acre lot at 27 W 2nd St, 55934, this vacant property offers a versatile space previously used as a bank. Features include a drive-through window, ample parking, attic storage, a skylight, an intact vault, dedicated office and conference rooms, and a break room. The building, constructed in 1977, is zoned for commercial use and boasts a convenient location in the heart of Eyota. With its 1 unit and 3,941 square feet, the asking price is $480,000 ($121.80/sq ft). The property's unique features and prime location make it ideal for a variety of businesses. This is a chance to acquire a well-maintained building with significant potential in a thriving community. The property's APN is 621424028195.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $345,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $320,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $310,000
      Mixed-Use
      $350,000
      Hospitality
      $300,000
      Educational
      $255,000
      Residential Income
      $295,000
      Energy
      $310,000
      Income-Based Land
      $270,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    Eyota
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.2304
    Latitude
    43.988
    CBSA code
    40340
    CBSA name
    ROCHESTER, 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
    $10,930
    $67,500
    $315,200
    $382,700
    -
    $67,500
    $315,200
    $382,700

    Comparable in this City

    • Value Estimation by Request
      1,103 SF

      22 Frnt SW St

      RETAIL STORES (PERSONAL SERVICES) • 1,103 SF
      22 Frnt SW St, Eyota, MN 55934-6505
      View Details
    • Value Estimation by Request
      771 SF

      211 Ctr S Ave

      RETAIL STORES (PERSONAL SERVICES) • 771 SF
      211 Ctr S Ave, Eyota, MN 55934-2240
      View Details
    • Value Estimation by Request
      420 SF

      115 Ctr S Ave

      RETAIL STORES (PERSONAL SERVICES) • 420 SF
      115 Ctr S Ave, Eyota, MN 55934-2235
      View Details
    • Value Estimation
      $410,000
      14,400 SF

      501 Gln SW St

      GROCERY, SUPERMARKET • 14,400 SF
      501 Gln SW St, Eyota, MN 55934-2330
      View Details
    • Value Estimation by Request
      384 SF

      10 2nd SE St

      RETAIL STORES (PERSONAL SERVICES) • 384 SF
      10 2nd SE St, Eyota, MN 55934
      View Details
    • Value Estimation
      $285,000
      450 SF

      331 Sandstone NW Dr

      RETAIL STORES (PERSONAL SERVICES) • 450 SF
      331 Sandstone NW Dr, Eyota, MN 55934-7500
      View Details

    Similar Nearby for Lease

    • $399,000
      3,941 SF

      Eyota Commercial Building For Lease

      Well-maintained commercial building in Eyota with flexible space.
      27 2Nd St SW, Eyota, MN 55934
      View Details
    • $375,000
      450 SF

      Drive-Thru Ready Commercial Property

      Turnkey commercial property with drive-thru, paved parking, and excellent visibility.
      331 Sandstone Dr NW, Eyota, MN 55934
      View Details
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    Eyota, MN 55934-9708
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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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