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    Property profile & analytics

    508 State Hwy 60th W Elysian, MN 56028-3307

    • Investment properties
    • 6,720 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Location Intelligence
    Property ID
    US46-2672968
    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

    • Investment properties

    Property Details for 508 State Hwy 60th W

    Year built
    1998
    Construction
    WOOD
    Lot size
    0.69 lot acres
    Property size
    6,720 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    16.410.0992
    APU
    164100992

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $300,000
      6.5%
      $330,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $275,000
      Retail
      $295,000
      Mixed-Use
      $260,000
      Hospitality
      $340,000
      Educational
      $260,000
      Residential Income
      $330,000
      Energy
      $280,000
      Income-Based Land
      $340,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    Elysian
    County
    Le Sueur
    State
    Minnesota
    Longitude
    -93.6841
    Latitude
    44.1991
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 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
    2022
    $3,350
    $48,300
    $169,700
    $218,000
    -
    $48,300
    $169,700
    $218,000

    Comparable in this City

    • Value Estimation
      $375,000
      10.74 Acres

      21945 Hwy 60

      OFFICE/RESIDENTIAL (MIXED USE) • 10.74 Acres
      21945 Hwy 60, Elysian, MN 56028
      View Details
    • Value Estimation by Request
      0.89 Acres

      Elysian, MN 56028

      OFFICE/RESIDENTIAL (MIXED USE) • 0.89 Acres
      Elysian, MN 56028
      View Details
    • Value Estimation
      $200,000
      1,360 SF

      105 1st S St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,360 SF
      105 1st S St, Elysian, MN 56028-7501
      View Details
    • Value Estimation
      $250,000
      2,912 SF

      205 State Hwy 60th E

      OFFICE/RESIDENTIAL (MIXED USE) • 2,912 SF
      205 State Hwy 60th E, Elysian, MN 56028-2020
      View Details
    • Value Estimation by Request
      1.36 Acres

      Elysian, MN 56028

      OFFICE/RESIDENTIAL (MIXED USE) • 1.36 Acres
      Elysian, MN 56028
      View Details
    • Value Estimation
      $380,000
      2,170 SF

      511 State Hwy 60th W

      OFFICE/RESIDENTIAL (MIXED USE) • 2,170 SF
      511 State Hwy 60th W, Elysian, MN 56028-9622
      View Details

    Similar Nearby for Sale

    • $2,800,000
      35.00 Acres

      21701 Wagner Bay Ln

      Land • 35.00 Acres
      21701 Wagner Bay Ln, Elysian, MN 56028
      View Details
    • Contact for pricing
      0.18 Acres

      Elysian, MN Buildable Lots

      Buildable lots in a quiet, peaceful lakeside town.
      Lewis Ln, Elysian, MN 56028
      View Details
    • $34,900
      0.23 Acres

      Elysian Buildable Lots and Land

      Buildable lots in a peaceful, lake-surrounded town near I-35.
      Xxxxxx Lewis Ln, Elysian, MN 56028
      View Details
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    Elysian, MN 56028-3307
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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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