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    Property profile & analytics

    406 Main St Madelia, MN 56062-1914

    • Individual retail properties
    • 676 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-1474276
    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

    • The Hair Shack / Hair Salon
    • Trinity Lutheran Church / Church

    Property Details for 406 Main St

    Year built
    1976
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    676 SF
    Property type
    Individual retail properties
    APN
    17.703.0010
    APU
    177030010

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madelia
    County
    Watonwan
    State
    Minnesota
    Longitude
    -94.4091
    Latitude
    44.0506

    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
    $536
    $4,800
    $22,000
    $26,800
    -
    $4,800
    $22,000
    $26,800

    Comparable in this City

    • Value Estimation
      $185,000
      2,842 SF

      208 Drew SE Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,842 SF
      208 Drew SE Ave, Madelia, MN 56062-1844
      View Details
    • Value Estimation
      $460,000
      9,100 SF

      515 Main St

      RETAIL STORES (PERSONAL SERVICES) • 9,100 SF
      515 Main St, Madelia, MN 56062-1915
      View Details
    • Value Estimation by Request
      2,400 SF

      25 1st NW St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      25 1st NW St, Madelia, MN 56062-1411
      View Details
    • Value Estimation by Request
      1,528 SF

      101 Ctr N Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,528 SF
      101 Ctr N Ave, Madelia, MN 56062-1429
      View Details
    • Value Estimation by Request
      1,782 SF

      6 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,782 SF
      6 Main St, Madelia, MN 56062-1438
      View Details
    • Value Estimation
      $195,000
      2,072 SF

      110 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,072 SF
      110 Main St, Madelia, MN 56062-1440
      View Details
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    406 Main St
    Madelia, MN 56062-1914
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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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