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    Property profile & analytics

    318 3rd Ave Proctor, MN 55810-1618

    • Commercial real estate
    • 1,840 SF
    OFF-MARKET
    Value Estimation
    $205,000
    Last Sale
    Jun 18, 2020
    $180,000
    Location Intelligence
    Property ID
    US46-1593150
    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

    • Commercial real estate

    Property Details for 318 3rd Ave

    Year built
    1975
    Property size
    1,840 SF
    Property type
    Commercial real estate
    APN
    185-0110-01500
    APU
    185011001500

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $165,000
      6.5%
      $165,000
      7%
      $165,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $155,000
      Geo Method
      $185,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $140,000
      Retail
      $155,000
      Mixed-Use
      $190,000
      Hospitality
      $180,000
      Educational
      $145,000
      Residential Income
      $160,000
      Energy
      $135,000
      Income-Based Land
      $155,000
      Food Service
      $175,000

    Location Insight

    • Map
    • Local Demand
    City
    Proctor
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.2238
    Latitude
    46.7457
    CBSA code
    20260
    CBSA name
    DULUTH, MN-WI 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
    2024
    $440
    $9,400
    $3,500
    $12,900
    -
    $9,400
    $3,500
    $12,900

    Comparable in this City

    • Value Estimation by Request

      Duluth, MN 55810

      COMMERCIAL (GENERAL)
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      980 SF

      5581 Hwy 2nd, Unit 24

      COMMERCIAL (GENERAL) • 980 SF
      5581 Hwy 2nd, Hermantown, MN 55810-9570
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      27,200 SF

      2751 Midway Rd

      COMMERCIAL (GENERAL) • 27,200 SF
      2751 Midway Rd, Duluth, MN 55810
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      1,152 SF

      Duluth, MN 55810

      COMMERCIAL (GENERAL) • 1,152 SF
      Duluth, MN 55810
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    • Value Estimation by Request
      10,167 SF

      211 Boundary Ave

      COMMERCIAL (GENERAL) • 10,167 SF
      211 Boundary Ave, Duluth, MN 55810-2306
      View Details
    • Value Estimation
      $230,000
      2,016 SF

      217 2nd St

      COMMERCIAL (GENERAL) • 2,016 SF
      217 2nd St, Duluth, MN 55810-1610
      View Details

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    318 3rd Ave
    Proctor, MN 55810-1618
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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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