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    Property profile & analytics

    406 2nd St Minneapolis, KS 67467

    • Retail space
    • 3,654 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US33-0757007
    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

    • Retail space

    Property Details for 406 2nd St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.12 lot acres
    Property size
    3,654 SF
    Property type
    Retail space
    APN
    141-01-0-40-12-005.30-0
    APU
    1410104012005300

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Ottawa
    State
    Kansas
    Longitude
    -97.7099
    Latitude
    39.1226
    CBSA code
    41460
    CBSA name
    SALINA, KS 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
    2022
    $673
    $290
    $3,038
    $3,328
    -
    $2,520
    $26,420
    $28,940

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      309 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      309 2nd St, Minneapolis, KS 67467-2313
      View Details
    • Value Estimation by Request
      878 SF

      116 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 878 SF
      116 2nd St, Minneapolis, KS 67467-2340
      View Details
    • Value Estimation by Request
      1,460 SF

      104 Concord St

      RETAIL STORES (PERSONAL SERVICES) • 1,460 SF
      104 Concord St, Minneapolis, KS 67467-2320
      View Details
    • Value Estimation by Request
      1,776 SF

      105 Concord St

      RETAIL STORES (PERSONAL SERVICES) • 1,776 SF
      105 Concord St, Minneapolis, KS 67467-2319
      View Details
    • Value Estimation by Request
      1,806 SF

      Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,806 SF
      Main St, Minneapolis, KS 67467
      View Details
    • Value Estimation
      $335,000
      5,865 SF

      401 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 5,865 SF
      401 2nd St, Minneapolis, KS 67467-2315
      View Details
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    406 2nd St
    Minneapolis, KS 67467
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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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