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    Property profile & analytics

    605 Highway 55 E Buffalo, MN 55313

    • Strip malls
    • 12,594 SF
    • 1.52 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimation
    Last Sale
    Aug 16, 2021
    $975,000
    Location Intelligence
    Property ID
    US46-1072582
    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

    • Today's Driving School / Drivers License Training School
    • wRight Motors / Motor Vehicle Dealer
    • Buffalo Smoke Shop / Tobacco Shop
    • Minnesota Gold Buyers / Gold Dealer
    • J & J Auctioneers LLC / Real Estate / Auction House

    Property Details for 605 Highway 55 E

    Year built
    1966
    Construction
    STEEL FRAME
    Lot size
    1.52 lot acres
    Property size
    12,594 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    103-198-002010
    APU
    103198002010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,155,000

    • CAP approach

      CAP return
      Estimation
      6%
      $980,000
      6.5%
      $960,000
      7%
      $1,005,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $935,000
      Geo Method
      $965,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $845,000
      Retail
      $870,000
      Mixed-Use
      $1,100,000
      Hospitality
      $1,115,000
      Educational
      $860,000
      Residential Income
      $950,000
      Energy
      $880,000
      Income-Based Land
      $1,050,000
      Food Service
      $965,000

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Wright
    State
    Minnesota
    Longitude
    -93.8675
    Latitude
    45.1785
    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
    2023
    $23,332
    $586,000
    $388,300
    $974,300
    -
    $586,000
    $388,300
    $974,300

    Comparable in this City

    • Value Estimation
      $590,000
      6,500 SF

      Buffalo, MN 55313

      SHOPPING CENTER, STRIP CENTER • 6,500 SF
      Buffalo, MN 55313
      View Details
    • Value Estimation by Request
      7,800 SF

      403 Hwy 55th E

      SHOPPING CENTER, STRIP CENTER • 7,800 SF
      403 Hwy 55th E, Buffalo, MN 55313-1701
      View Details
    • Value Estimation by Request
      14,907 SF

      120 1st S St

      SHOPPING CENTER, STRIP CENTER • 14,907 SF
      120 1st S St, Buffalo, MN 55313-1402
      View Details
    • Value Estimation
      $1,005,000
      4,066 SF

      701 Soo Ln

      SHOPPING CENTER, STRIP CENTER • 4,066 SF
      701 Soo Ln, Buffalo, MN 55313-1768
      View Details
    • Value Estimation by Request
      39,200 SF

      Buffalo, MN 55313

      SHOPPING CENTER, STRIP CENTER • 39,200 SF
      Buffalo, MN 55313
      View Details
    • Value Estimation by Request
      9,271 SF

      92 14th NE St

      SHOPPING CENTER, STRIP CENTER • 9,271 SF
      92 14th NE St, Buffalo, MN 55313
      View Details

    Similar Nearby for Sale

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      Prime Development Site on Highway

      Cleared 1.6+ acre commercial land with high visibility.
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    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Spaces Available for Lease

      Retail spaces with highway visibility and ample parking.
      1221-1267 Highway 25, Buffalo, MN 55313
      View Details
    • $18 SF/Yr
      2,793 SF

      Restaurant Space with Full Bar

      Restaurant space for lease with full bar and kitchen.
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      View Details
    • $18 SF/Yr
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      Highway 55 Retail/Office Space

      New retail/office space with high visibility in Buffalo, MN.
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      View Details
    • $6 SF/Yr
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      Buffalo Industrial Space Available

      7,730 SF industrial space for lease in Buffalo, MN.
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      View Details
    • $13 SF/Yr
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      Versatile Flex Space Available

      Multi-tenant flex space near Highway 55 and local amenities.
      307 12Th Ave S, Buffalo, MN 55313
      View Details
    • $18 SF/Yr
      1,000 SF

      Professional Office Space For Rent

      Convenient office space in central Buffalo with high visibility.
      300 Brighton Ave S, Buffalo, MN 55313
      View Details
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    605 Highway 55 E
    Buffalo, MN 55313
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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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