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    Property profile & analytics

    302 Demers Ave East Grand Forks, MN 56721-1816

    • Turn key restaurants
    • 8,000 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US46-2744419
    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

    • The Spud Jr / Restaurant / Bar

    Property Details for 302 Demers Ave

    Year built
    1905
    Lot size
    0.09 lot acres
    Property size
    8,000 SF
    Property type
    Turn key restaurants
    APN
    83.00941.00
    APU
    830094100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $285,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $325,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $290,000
      Retail
      $320,000
      Mixed-Use
      $290,000
      Hospitality
      $320,000
      Educational
      $305,000
      Residential Income
      $350,000
      Energy
      $255,000
      Income-Based Land
      $290,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    East Grand Forks
    County
    Polk
    State
    Minnesota
    Longitude
    -97.0253
    Latitude
    47.9291
    CBSA code
    24220
    CBSA name
    GRAND FORKS, ND-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
    $5,674
    $14,000
    $340,600
    $354,600
    -
    $14,000
    $340,600
    $354,600

    Comparable in this City

    • Value Estimation
      $420,000
      4,620 SF

      300 3rd NE Ave

      RESTAURANT • 4,620 SF
      300 3rd NE Ave, East Grand Forks, MN 56721-2443
      View Details
    • Value Estimation by Request
      6,648 SF

      507 2nd NW St

      RESTAURANT • 6,648 SF
      507 2nd NW St, East Grand Forks, MN 56721-1798
      View Details
    • Value Estimation
      $270,000
      1,968 SF

      321 Demers Ave

      RESTAURANT • 1,968 SF
      321 Demers Ave, East Grand Forks, MN 56721-1815
      View Details
    • Value Estimation by Request
      9,240 SF

      411 2nd NW St

      RESTAURANT • 9,240 SF
      411 2nd NW St, East Grand Forks, MN 56721-1739
      View Details
    • Value Estimation
      $220,000
      2,985 SF

      112 14th NE St

      RESTAURANT • 2,985 SF
      112 14th NE St, East Grand Forks, MN 56721-1670
      View Details
    • Value Estimation
      $600,000
      2,449 SF

      121 Demers Ave

      RESTAURANT • 2,449 SF
      121 Demers Ave, East Grand Forks, MN 56721-1811
      View Details
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    East Grand Forks, MN 56721-1816
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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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