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    508 2nd NW Ave Arlington, MN 55307-2160

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2381867
    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

    • Double Tap Bowling and Sports Bar / Bowling Alley / Sports Bar

    Property Details for 508 2nd NW Ave

    Property type
    Commercial real estate
    APN
    31.0678.000
    APU
    310678000

    Description

    This unique 7,000 square foot property located at 508 2nd Avenue NW in Arlington, Minnesota, presents a compelling investment opportunity. Currently operating as a six-lane bowling alley, the facility offers a turnkey entertainment business or a blank canvas for redevelopment. The bowling alley boasts automatic scoring and bumpers, catering to bowlers of all skill levels. Year-round tournaments and leagues, including children's leagues, generate consistent activity. The venue also features a full bar, dart boards, a pool table, and televisions showing sporting events, creating a diverse entertainment experience. A limited food menu, including hot dogs, pizza, and nachos, complements the beverage offerings of beer and soda. The property's central Arlington location ensures high visibility and accessibility. This versatile space offers significant potential for a new owner, whether continuing the existing entertainment business or pursuing a complete renovation for alternative commercial use. The asking price is $250,000. Serious inquiries are encouraged.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Sibley
    State
    Minnesota
    Longitude
    -94.0784
    Latitude
    44.6112

    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
    $2,362
    $18,500
    $121,400
    $139,900
    -
    $18,500
    $121,400
    $139,900

    Comparable in this City

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      1.82 Acres

      39588 230th St

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      108 5th NW Ave

      COMMERCIAL (GENERAL)
      108 5th NW Ave, Arlington, MN 55307-2027
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    Arlington, MN 55307-2160
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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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