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    Property profile & analytics

    318 Main St Brooks, MN 56715

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2810507
    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

    • Carols Cozy Bar & Grill / Bar & Grill

    Property Details for 318 Main St

    Property type
    Commercial real estate
    APN
    14-2290-000
    APU
    142290000

    Description

    This exceptional commercial property at 318 Main Street in Brooks, Minnesota, presents a unique investment opportunity. Priced at $379,000, this turnkey business includes a well-maintained bar and lounge situated on a substantial 16,204.32 square foot lot. The property, built in 1948, boasts a recently added outdoor patio complete with a full bar, reflecting recent updates and improvements. All equipment and inventory are included in the sale, providing a seamless transition for the new owner. The property's classification includes land, retail, and restaurant uses, offering flexibility and potential for expansion. Located in Red Lake County, Minnesota, with the address 318 Main St, Brooks, MN 56715 (47.8152428, -96.0027084), this established business benefits from a prime location and existing customer base. This is an ideal opportunity for an entrepreneur seeking a profitable, established business with significant potential for growth and further development. The property's size and existing infrastructure provide a solid foundation for continued success. The inclusion of all equipment and inventory simplifies the transition and minimizes start-up costs. This is a rare chance to acquire a thriving business with a strong track record in a desirable location.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brooks
    County
    Red Lake
    State
    Minnesota
    Longitude
    -96.0028
    Latitude
    47.8153

    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
    $944
    $7,500
    $76,300
    $83,800
    -
    $7,500
    $76,300
    $83,800

    Comparable in this City

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      6.71 Acres

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      312 Hwy 92nd W

      COMMERCIAL (GENERAL) • 0.89 Acres
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    • Value Estimation by Request

      302 Main St

      COMMERCIAL (GENERAL)
      302 Main St, Brooks, MN 56715-9998
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    • Value Estimation
      $230,000
      8.20 Acres

      701 Hwy 59th S

      COMMERCIAL (GENERAL) • 8.20 Acres
      701 Hwy 59th S, Brooks, MN 56715-1522
      View Details
    • Value Estimation
      $295,000
      5.13 Acres

      204 Hwy 59th S

      COMMERCIAL (GENERAL) • 5.13 Acres
      204 Hwy 59th S, Brooks, MN 56715
      View Details
    • Value Estimation by Request
      0.61 Acres

      Brooks, MN 56715

      INDUSTRIAL (GENERAL) • 0.61 Acres
      Brooks, MN 56715
      View Details
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    318 Main St
    Brooks, MN 56715
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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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