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    Property profile & analytics

    38368 Us Hwy 14 Springfield, MN 56087-1189

    • Turn key restaurants
    • 2,480 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 21, 2024
    Location Intelligence
    Property ID
    US46-2593991
    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

    • Turn key restaurants

    Property Details for 38368 Us Hwy 14

    Year built
    1970
    Lot size
    1.01 lot acres
    Property size
    2,480 SF
    Property type
    Turn key restaurants
    APN
    120.017.001.07.060
    APU
    12001700107060

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Brown
    State
    Minnesota
    Longitude
    -94.9541
    Latitude
    44.2487
    CBSA code
    35580
    CBSA name
    NEW ULM, 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
    2023
    $746
    $17,600
    $63,300
    $80,900
    -
    $17,600
    $63,300
    $80,900

    Comparable in this City

    • Value Estimation
      $95,000
      4,195 SF

      404 Washington Ave

      RESTAURANT • 4,195 SF
      404 Washington Ave, Springfield, MN 56087-1751
      View Details
    • Value Estimation by Request
      5,820 SF

      5 O Connell Ave

      BAR, TAVERN • 5,820 SF
      5 O Connell Ave, Springfield, MN 56087-1307
      View Details
    • Value Estimation by Request
      880 SF

      7 Marshall Ave

      BAR, TAVERN • 880 SF
      7 Marshall Ave, Springfield, MN 56087-1518
      View Details
    • Value Estimation by Request
      2,507 SF

      507 Burns Ave

      PARKING GARAGE, PARKING STRUCTURE • 2,507 SF
      507 Burns Ave, Springfield, MN 56087
      View Details
    • Value Estimation by Request
      4,000 SF

      20 Lincoln St

      AUTO REPAIR, GARAGE • 4,000 SF
      20 Lincoln St, Springfield, MN 56087-1500
      View Details
    • Value Estimation by Request
      2,400 SF

      114 Van Buren Ave

      AUTO REPAIR, GARAGE • 2,400 SF
      114 Van Buren Ave, Springfield, MN 56087-1536
      View Details

    Similar Nearby for Sale

    • New
      $119,900
      0.18 Acres

      Car Wash & Laundromat Business

      Established car wash and laundromat in Springfield, Minnesota.
      104 W Central St, Springfield, MN 56087
      View Details
    • $249,000
      4,000 SF

      Downtown Springfield Commercial Duo

      Two Buildings, Prime Location, $249,000
      8 Marshall Ave, Springfield, MN 56087
      View Details
    • $119,900
      1,984 SF

      Springfield Car Wash & Laundromat

      Profitable Turnkey Business Opportunity
      104 Central St, Springfield, MN 56087
      View Details
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    38368 Us Hwy 14
    Springfield, MN 56087-1189
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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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