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    Property profile & analytics

    502 5th Ave Grand Rapids, MN 55744-2511

    • Investment properties
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $155,000
    Last Sale
    Apr 17, 2020
    $160,000
    Location Intelligence
    Property ID
    US46-2439846
    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

    • Chad B. Sterle Law Office / Law Firm / Family Law Attorney
    • Shermoen & Jaksa Pllp / Attorney

    Property Details for 502 5th Ave

    Lot size
    0.16 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    91-420-1530
    APU
    914201530

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Itasca
    State
    Minnesota
    Longitude
    -93.5356
    Latitude
    47.2372
    CBSA code
    24330
    CBSA name
    GRAND RAPIDS, 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
    $2,958
    $77,200
    $53,200
    $130,400
    -
    $77,200
    $53,200
    $130,400

    Comparable in this City

    • Value Estimation by Request
      11.33 Acres

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    • Value Estimation by Request
      1,200 SF

      400 Wittman Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,200 SF
      400 Wittman Dr, Grand Rapids, MN 55744-3301
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      412 4th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,300 SF
      412 4th St, Grand Rapids, MN 55744-2921
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    • Value Estimation
      $310,000
      0.32 Acres

      415 8th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.32 Acres
      415 8th Ave, Grand Rapids, MN 55744-2357
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    • Value Estimation
      $345,000
      2,880 SF

      35892 Bass Lk Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,880 SF
      35892 Bass Lk Rd, Grand Rapids, MN 55744-5484
      View Details
    • Value Estimation
      $395,000
      6,654 SF

      200 Pokegama Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,654 SF
      200 Pokegama Ave, Grand Rapids, MN 55744-2723
      View Details

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    Similar Nearby for Lease

    • $13 SF/Yr
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      Downtown Office Space Available

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    • Contact for pricing
      3,600 SF

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    502 5th Ave
    Grand Rapids, MN 55744-2511
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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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