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    Property profile & analytics

    35 2nd SE Ave Elgin, MN 55932-9685

    • Auto shops
    • 3,524 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimation
    $220,000
    Location Intelligence
    Property ID
    US46-2991397
    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

    • Auto shops

    Property Details for 35 2nd SE Ave

    Year built
    1942
    Lot size
    0.44 lot acres
    Property size
    3,524 SF
    Property type
    Auto shops
    APN
    R19.00046.00
    APU
    R190004600

    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%
      $155,000
      6.5%
      $175,000
      7%
      $175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $160,000
      Geo Method
      $150,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $165,000
      Retail
      $150,000
      Mixed-Use
      $185,000
      Hospitality
      $170,000
      Educational
      $190,000
      Residential Income
      $160,000
      Energy
      $185,000
      Income-Based Land
      $150,000
      Food Service
      $170,000

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Wabasha
    State
    Minnesota
    Longitude
    -92.2497
    Latitude
    44.1299
    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
    2024
    $1,934
    $37,900
    $67,100
    $105,000
    -
    $37,900
    $67,100
    $105,000

    Comparable in this City

    • Value Estimation
      $170,000
      4,800 SF

      132 2nd SE Ave

      AUTO REPAIR, GARAGE • 4,800 SF
      132 2nd SE Ave, Elgin, MN 55932-9762
      View Details
    • Value Estimation
      $195,000
      1,088 SF

      40 2nd SE Ave

      AUTO REPAIR, GARAGE • 1,088 SF
      40 2nd SE Ave, Elgin, MN 55932-9685
      View Details
    • Value Estimation by Request
      168 SF

      150 2nd NE Ave

      AUTO REPAIR, GARAGE • 168 SF
      150 2nd NE Ave, Elgin, MN 55932
      View Details
    • Value Estimation
      $325,000
      5,280 SF

      605 Industrial SE Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 5,280 SF
      605 Industrial SE Dr, Elgin, MN 55932-9699
      View Details
    • Value Estimation
      $320,000
      2,400 SF

      15 2nd NE Ave

      CONVENIENCE STORE • 2,400 SF
      15 2nd NE Ave, Elgin, MN 55932-9686
      View Details
    • Value Estimation
      $90,000
      12,000 SF

      720 Industrial SE Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 12,000 SF
      720 Industrial SE Dr, Elgin, MN 55932-9747
      View Details

    Similar Nearby for Sale

    • $70,000
      0.44 Acres

      Residential Land in Elgin, MN

      Residential land for building a dream home, near Rochester.
      115 Rolling Hills Dr, Elgin, MN 55932
      View Details
    • Contact for pricing
      1.16 Acres

      Elgin Industrial Lot - Last One!

      Prime 1.16-acre commercial lot in Elgin, MN.
      680 Industrial Dr, Elgin, MN 55932
      View Details
    • $85,000
      0.44 Acres

      Residential Land in Elgin, MN

      Residential land suitable for building a dream home in Elgin.
      80 Rolling Hills Dr, Elgin, MN 55932
      View Details
    • $85,000
      0.42 Acres

      Residential Land in Elgin, MN

      Residential lot suitable for building a dream home.
      110 Rolling Hills Dr, Elgin, MN 55932
      View Details
    • $63,162

      Elgin Business Park Land

      Land for sale in Elgin Business Park with city utilities.
      705 Industrial Dr SE, Elgin, MN 55932
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    • $70,000
      0.44 Acres

      Residential Land in Elgin, MN

      Residential land for building a dream home, near Rochester.
      105 Rolling Hills Dr, Elgin, MN 55932
      View Details
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    35 2nd SE Ave
    Elgin, MN 55932-9685
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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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