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    Property profile & analytics

    408 3Rd St Erskine, MN 56535

    • Distribution centers
    For Sale
    View listing
    $110,000
    Value Estimation
    Location Intelligence
    Property ID
    US46-2707087
    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

    • Distribution centers

    Property Details for 408 3Rd St

    Year built
    2001
    Property type
    Distribution centers

    Description

    This versatile 7,405.2 sq ft commercial property, located at 408 3rd Street S in Erskine, Minnesota, presents a unique investment opportunity. Built in 2001, this property offers a blend of land, industrial, and office space, ideal for a variety of businesses. The building features a heated shop with an overhead door, making it perfect for storage or light manufacturing. Existing plumbing and electrical are already in place, saving significant time and expense for potential buyers. The property's classification includes commercial, warehouse, and executive office space, providing flexibility for diverse business needs. Situated on a sizable 7,405.2 square foot lot, the property offers ample space for expansion or outdoor storage. The asking price is $110,000. This property is located in Polk County, Minnesota, with the zip code 56535. Its convenient location and versatile design make it an attractive option for entrepreneurs and investors seeking a functional and adaptable space. Don't miss this chance to acquire a well-maintained and strategically located commercial property in Erskine, Minnesota.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Erskine
    County
    Polk
    State
    Minnesota
    Longitude
    -96.0107446
    Latitude
    47.6638952

    Comparable in this City

    • $48,500
      5.00 Acres

      Waterfront Land in Erskine, MN

      5-acre waterfront building site with 335 feet of shoreline.
      35222 240Th Ave SE, Erskine, MN 56535
      View Details
    • $44,500
      5.00 Acres

      Erskine, MN Vacant Land

      Five acre lot with lake frontage in Erskine, Minnesota.
      35250 240Th Ave SE, Erskine, MN 56535
      View Details
    • $110,000
      2,160 SF

      Erskine Shop: Prime Business Space

      Heated shop, great storage, utilities included.
      408 3Rd St, Erskine, MN 56535
      View Details

    Similar Nearby for Sale

    • $48,500
      5.00 Acres

      Waterfront Land in Erskine, MN

      5-acre waterfront building site with 335 feet of shoreline.
      35222 240Th Ave SE, Erskine, MN 56535
      View Details
    • $44,500
      5.00 Acres

      Erskine, MN Vacant Land

      Five acre lot with lake frontage in Erskine, Minnesota.
      35250 240Th Ave SE, Erskine, MN 56535
      View Details
    • $110,000
      2,160 SF

      Erskine Shop: Prime Business Space

      Heated shop, great storage, utilities included.
      408 3Rd St, Erskine, MN 56535
      View Details
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    Erskine, MN 56535
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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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