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    Property profile & analytics

    509 Main W St Sleepy Eye, MN 56085-1128

    • Grocery and convenience stores
    • 3,249 SF
    OFF-MARKET
    Value Estimation
    $405,000
    Location Intelligence
    Property ID
    US46-2711745
    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

    • Grocery and convenience stores

    Property Details for 509 Main W St

    Year built
    1998
    Property size
    3,249 SF
    Property type
    Grocery and convenience stores
    APN
    002.000.034.01.010
    APU
    200003401010

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sleepy Eye
    County
    Brown
    State
    Minnesota
    Longitude
    -94.7292
    Latitude
    44.2969
    CBSA code
    35580
    CBSA name
    NEW ULM, 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
    2023
    $6,246
    $42,900
    $228,900
    $271,800
    -
    $42,900
    $228,900
    $271,800

    Comparable in this City

    • Value Estimation by Request
      2,668 SF

      500 Main E St

      CONVENIENCE STORE • 2,668 SF
      500 Main E St, Sleepy Eye, MN 56085-1644
      View Details
    • Value Estimation by Request
      4,904 SF

      1101 Main E St

      CONVENIENCE STORE • 4,904 SF
      1101 Main E St, Sleepy Eye, MN 56085-1688
      View Details
    • Value Estimation
      $405,000
      1,960 SF

      400 Main W St

      CONVENIENCE STORE • 1,960 SF
      400 Main W St, Sleepy Eye, MN 56085-1127
      View Details
    • Value Estimation by Request
      1,300 SF

      115 Main W St

      BARBER, HAIR SALON • 1,300 SF
      115 Main W St, Sleepy Eye, MN 56085-1327
      View Details
    • Value Estimation
      $565,000
      21,480 SF

      22205 State Hwy 4th 4

      SHOW ROOM, WAREHOUSE • 21,480 SF
      22205 State Hwy 4th 4, Sleepy Eye, MN 56085-5119
      View Details
    • Value Estimation
      $475,000
      5,200 SF

      300 Main W St

      FINANCIAL BUILDING • 5,200 SF
      300 Main W St, Sleepy Eye, MN 56085-1332
      View Details

    Similar Nearby for Sale

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      Farmland in Home Township, MN

      Approximately 40 acres of farmland with a high CPI rating.
      40 Acres M/L Section 18, Sleepy Eye, MN 56085
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    • $179,000
      1.32 Acres

      New Ulm Industrial Site

      Industrial site with truck and cold storage near MN River.
      317 Water St N, New Ulm, MN 56085
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    • $774,000
      70.37 Acres

      70 Acre Farm Land

      70 acre farm in Home Township, Minnesota for sale.
      70 Acres M/L Section 19, Sleepy Eye, MN 56085
      View Details
    • $125,000
      5,000 SF

      5,000 SF Pole Barn on 2 Acres

      Pole barn on 2 acres, potential for storage or redevelopment.
      25945 Hwy, Sleepy Eye, MN 56085
      View Details
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    Sleepy Eye, MN 56085-1128
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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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