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    Property profile & analytics

    423 Main St Crookston, MN 56716-3027

    • Office buildings
    • 3,240 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Location Intelligence
    Property ID
    US46-2422700
    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

    • Office buildings

    Property Details for 423 Main St

    Year built
    2006
    Lot size
    0.24 lot acres
    Property size
    3,240 SF
    Property type
    Office buildings
    APN
    82.00184.00
    APU
    820018400

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $250,000
      6.5%
      $220,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $245,000
      Retail
      $255,000
      Mixed-Use
      $200,000
      Hospitality
      $240,000
      Educational
      $230,000
      Residential Income
      $260,000
      Energy
      $260,000
      Income-Based Land
      $220,000
      Food Service
      $230,000

    Location Insight

    • Map
    • Local Demand
    City
    Crookston
    County
    Polk
    State
    Minnesota
    Longitude
    -96.6059
    Latitude
    47.7779
    CBSA code
    24220
    CBSA name
    GRAND FORKS, ND-MN METROPOLITAN 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
    2023
    $6,662
    $15,800
    $239,800
    $255,600
    -
    $15,800
    $239,800
    $255,600

    Comparable in this City

    • Value Estimation by Request
      2,460 SF

      2525 Hwy 75th S

      OFFICE BUILDING • 2,460 SF
      2525 Hwy 75th S, Crookston, MN 56716-3102
      View Details
    • Value Estimation by Request
      1,500 SF

      206 Main St

      OFFICE BUILDING • 1,500 SF
      206 Main St, Crookston, MN 56716-1969
      View Details
    • Value Estimation by Request
      12,353 SF

      603 Bruce St

      OFFICE BUILDING • 12,353 SF
      603 Bruce St, Crookston, MN 56716-2914
      View Details
    • Value Estimation
      $195,000
      1,700 SF

      102 5th St

      OFFICE BUILDING • 1,700 SF
      102 5th St, Crookston, MN 56716-3000
      View Details
    • Value Estimation
      $175,000
      6,975 SF

      117 Broadway

      OFFICE BUILDING • 6,975 SF
      117 Broadway, Crookston, MN 56716-1952
      View Details
    • Value Estimation
      $270,000
      18,040 SF

      424 Broadway

      OFFICE BUILDING • 18,040 SF
      424 Broadway, Crookston, MN 56716-3034
      View Details

    Similar Nearby for Sale

    • $979,000
      15,708 SF

      Prime Crookston Commercial Estate

      20-Acre Multi-Use Property, Great Potential
      1220 Memorial Dr, Crookston, MN 56716
      View Details
    • $295,000
      4,148 SF

      Restaurant Property with Drive-Thru

      Restaurant property with existing drive-thru and ample parking.
      509 N Main St, Crookston, MN 56716
      View Details
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    423 Main St
    Crookston, MN 56716-3027
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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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