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    Property profile & analytics

    516 Main St Madison Lake, MN 56063-2027

    • Medical offices
    • 2,232 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $190,000
    Last Sale
    Aug 01, 2024
    $175,000
    Location Intelligence
    Property ID
    US46-1889587
    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

    • Madison Lake Family Dental Care / Dentist
    • Dr. Bryan D. Johnson, DDS / Dentist

    Property Details for 516 Main St

    Year built
    1973
    Lot size
    0.08 lot acres
    Property size
    2,232 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    R14.05.34.261.010
    APU
    R140534261010

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison Lake
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.816
    Latitude
    44.2038
    CBSA code
    31860
    CBSA name
    MANKATO-NORTH MANKATO, 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
    $2,330
    $7,400
    $120,000
    $127,400
    -
    $7,400
    $120,000
    $127,400

    Comparable in this City

    • Value Estimation
      $105,000
      2,000 SF

      508 Main St

      OFFICE BUILDING • 2,000 SF
      508 Main St, Madison Lake, MN 56063-2027
      View Details
    • Value Estimation
      $360,000
      5,608 SF

      525 Main St

      OFFICE BUILDING • 5,608 SF
      525 Main St, Madison Lake, MN 56063-2027
      View Details
    • Value Estimation
      $250,000
      2,932 SF

      608 Walnut Ave

      OFFICE BUILDING • 2,932 SF
      608 Walnut Ave, Madison Lake, MN 56063-2064
      View Details
    • Value Estimation by Request
      3.30 Acres

      Madison Lake, MN 56063

      CHARITABLE ORGANIZATION • 3.30 Acres
      Madison Lake, MN 56063
      View Details
    • Value Estimation by Request
      0.70 Acres

      5706 X Sunrise Trl

      VACANT COMMERCIAL LAND • 0.70 Acres
      5706 X Sunrise Trl, Madison Lake, MN 56063-9531
      View Details
    • Value Estimation by Request
      0.09 Acres

      608 Chestnut Ave

      COMMERCIAL (GENERAL) • 0.09 Acres
      608 Chestnut Ave, Madison Lake, MN 56063
      View Details

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      1.4 acre residential land with lake views and access.
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    • New
      $174,900
      1.00 Acre

      One Acre Residential Building Site

      One acre lot ready for your dream home and outbuildings.
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    • Contact for pricing
      6,056 SF

      Lakeside Hospitality Business Opportunity

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    516 Main St
    Madison Lake, MN 56063-2027
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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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