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    Property profile & analytics

    605 5th St Madison Lake, MN 56063-2006

    • Warehouses
    • 2,344 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-1895237
    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

    • Warehouses

    Property Details for 605 5th St

    Year built
    1950
    Lot size
    0.16 lot acres
    Property size
    2,344 SF
    Property type
    Warehouses
    APN
    R14.05.34.426.002
    APU
    R140534426002

    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
    -93.8137
    Latitude
    44.2031
    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
    $1,118
    $3,900
    $108,800
    $112,700
    -
    $3,900
    $108,800
    $112,700

    Comparable in this City

    • Value Estimation
      $370,000
      4,752 SF

      112 Spruce Ave

      MINI-WAREHOUSE, STORAGE • 4,752 SF
      112 Spruce Ave, Madison Lake, MN 56063
      View Details
    • Value Estimation
      $295,000
      4,500 SF

      100 Madison Lk St

      MINI-WAREHOUSE, STORAGE • 4,500 SF
      100 Madison Lk St, Madison Lake, MN 56063-7500
      View Details
    • Value Estimation
      $260,000
      12,000 SF

      23055 615th Ln

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      23055 615th Ln, Madison Lake, MN 56063
      View Details
    • Value Estimation
      $340,000
      7,200 SF

      Madison Lake, MN 56063

      INDUSTRIAL (GENERAL) • 7,200 SF
      Madison Lake, MN 56063
      View Details
    • Value Estimation by Request

      Madison Lake, MN 56063

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      Madison Lake, MN 56063
      View Details
    • Value Estimation by Request
      1,364 SF

      61550 230th St

      HEAVY MANUFACTURING • 1,364 SF
      61550 230th St, Madison Lake, MN 56063
      View Details

    Similar Nearby for Sale

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      Land available for purchase.
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    • $58,900
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      Residential Land in Madison Lake

      Residential lots ready for your dream home in Madison Lake.
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      Madison Lake Buildable Land Opportunity

      1.4 acre residential land with lake views and access.
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    • Contact for pricing
      6,056 SF

      Lakeside Hospitality Business Opportunity

      Thriving bar, grill, and condos on Madison Lake.
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    • $53,900
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      Residential Land in Madison Lake

      Residential lots ready for your dream home in Madison Lake.
      924 3 Lake Ct, Madison Lake, MN 56063
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    • $54,900
      0.43 Acres

      Residential Lots Ready For Building

      Single family lots available for building with utilities access.
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      View Details
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    605 5th St
    Madison Lake, MN 56063-2006
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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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