Property profile

401 4th St Courtland, MN 56021

OFF-MARKET
Other commercial real estate
Property ID
US46-2605696
13,686 SF 82.49 ac lot Built 1981
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property comprises 41.24 acres and has been used as an operating sawmill. It includes multiple timber-processing and support structures: a main building of 13,686 square feet; a planer building of 3,000 square feet; a warehouse/dry sorting area of 11,200 square feet; an additional warehouse of 11,200 square feet; an electric building of 1,200 square feet; an outbuilding of 1,020 square feet; a steambox of 660 square feet; and a kiln of 800 square feet. The configuration supports industrial wood-processing operations, with measurements to be confirmed by the buyer’s agent.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1981
Construction STEEL FRAME
Total area 13,686 SF
Lot 82.49 ac (3,593,264 SF)
APN 14.892.0080
UPID US46-2605696

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

401 4th St Courtland, MN 56021
Courtland metro Census 480100 MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2022
Last sale
$225,000
6 recorded transactions
2022
Price N/A
2021
$225,000
2019
$32,000
2019
$18,000
2018
$177,585
2013
$45,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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