Property profile

404 Washington Ave Springfield, MN 56087

OFF-MARKET
Turn key restaurants
Property ID
US46-2163870
4,195 SF 0.54 ac lot Built 1987
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1987
Total area 4,195 SF
Lot 0.54 ac (23,522 SF)
APN 003.010.016.04.030
UPID US46-2163870

Cap rate & NOI

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

Location

404 Washington Ave Springfield, MN 56087-1751
Springfield metro Census 960600 NEW ULM, MN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$105k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$105k

Owner & transaction history

since 2024
Last sale
$105,500
1 recorded transaction
2024
$129,800

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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