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    Property profile & analytics

    311 2nd St Bovey, MN 55709-2650

    • Apartment buildings
    • 1,380 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $125,000
    Last Sale
    Jul 18, 2023
    $145,000
    Location Intelligence
    Property ID
    US46-2658644
    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

    • KEBS Records / Store

    Property Details for 311 2nd St

    Lot size
    0.11 lot acres
    Property size
    1,380 SF
    Property type
    Apartment buildings
    APN
    86-410-1430
    APU
    864101430

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bovey
    County
    Itasca
    State
    Minnesota
    Longitude
    -93.4171
    Latitude
    47.2958
    CBSA code
    24330
    CBSA name
    GRAND RAPIDS, 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
    2024
    $1,360
    $2,200
    $38,200
    $40,400
    -
    $2,200
    $38,200
    $40,400

    Comparable in this City

    • Value Estimation
      $200,000
      7,707 SF

      401 2nd St

      APARTMENT HOUSE (5+ UNITS) • 7,707 SF
      401 2nd St, Bovey, MN 55709
      View Details
    • Value Estimation
      $220,000
      2,200 SF

      606 2nd St

      APARTMENT HOUSE (5+ UNITS) • 2,200 SF
      606 2nd St, Bovey, MN 55709
      View Details
    • Value Estimation
      $245,000
      2,400 SF

      Bovey, MN 55709

      MOBILE HOME PARK, TRAILER PARK • 2,400 SF
      Bovey, MN 55709
      View Details
    • Value Estimation by Request

      Bovey, MN 55709

      PROCESSING PLANT (CEMENT, GRAVEL)
      Bovey, MN 55709
      View Details
    • Value Estimation by Request

      Bovey, MN 55709

      INDUSTRIAL (GENERAL)
      Bovey, MN 55709
      View Details
    • Value Estimation by Request
      40.35 Acres

      Bovey, MN 55709

      INDUSTRIAL (GENERAL) • 40.35 Acres
      Bovey, MN 55709
      View Details

    Similar Nearby for Sale

    • $169,000
      8.60 Acres

      Bovey, MN Land Near Lakes

      8.6 acres near interconnected lakes, suitable for walkout construction.
      Lot B Tbd County Rd 51, Bovey, MN 55709
      View Details
    • $169,000
      12.10 Acres

      Land with Navigable Lake Access

      12.1 acres near Bovey, MN with interconnected lake access.
      Lot C Tbd County Rd 51, Bovey, MN 55709
      View Details
    • $169,000
      15.00 Acres

      Bovey, MN Land for Sale

      15 acres of land near interconnected lakes and forestry land.
      Lot D Tbd County Rd 51, Bovey, MN 55709
      View Details
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    311 2nd St
    Bovey, MN 55709-2650
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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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