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    Property profile & analytics

    416 Hwy 3rd S Northfield, MN 55057-1751

    • Drive through restaurants
    • 1,593 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Last Sale
    May 18, 2022
    Location Intelligence
    Property ID
    US46-1413447
    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

    • Drive through restaurants

    Property Details for 416 Hwy 3rd S

    Year built
    1994
    Lot size
    0.41 lot acres
    Property size
    1,593 SF
    Property type
    Drive through restaurants
    APN
    22.01.1.02.001
    APU
    2201102001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Northfield
    County
    Rice
    State
    Minnesota
    Longitude
    -93.1648
    Latitude
    44.4554
    CBSA code
    22060
    CBSA name
    FARIBAULT-NORTHFIELD, MN 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
    2024
    $13,310
    $187,500
    $255,600
    $443,100
    -
    $187,500
    $255,600
    $443,100

    Comparable in this City

    • Value Estimation
      $350,000
      608 SF

      900 Hwy 3rd N

      DRIVE-THRU RESTAURANT, FAST FOOD • 608 SF
      900 Hwy 3rd N, Northfield, MN 55057
      View Details
    • Value Estimation
      $1,055,000
      7,182 SF

      960 Hwy 3rd S

      DRIVE-THRU RESTAURANT, FAST FOOD • 7,182 SF
      960 Hwy 3rd S, Northfield, MN 55057-2463
      View Details
    • Value Estimation
      $2,085,000
      3,496 SF

      2220 Gleason Ct

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,496 SF
      2220 Gleason Ct, Northfield, MN 55057-4867
      View Details
    • Value Estimation
      $245,000
      440 SF

      1140 Hwy 3rd S

      DRIVE-THRU RESTAURANT, FAST FOOD • 440 SF
      1140 Hwy 3rd S, Northfield, MN 55057-3009
      View Details
    • Value Estimation
      $305,000
      1,830 SF

      410 Hwy 3rd S

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,830 SF
      410 Hwy 3rd S, Northfield, MN 55057-1751
      View Details
    • Value Estimation
      $250,000
      1,215 SF

      110 4th E St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,215 SF
      110 4th E St, Northfield, MN 55057-2054
      View Details

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    Northfield, MN 55057-1751
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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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