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    Property profile & analytics

    616 2nd Ave Two Harbors, MN 55616-1512

    • Retail space
    • 4,856 SF
    OFF-MARKET
    Value Estimation
    $55,000
    Last Sale
    Jul 03, 2024
    $69,500
    Location Intelligence
    Property ID
    US46-2073010
    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

    • Retail space

    Property Details for 616 2nd Ave

    Year built
    1939
    Property size
    4,856 SF
    Property type
    Retail space
    APN
    23-7660-05041
    APU
    23766005041

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Two Harbors
    County
    Lake
    State
    Minnesota
    Longitude
    -91.6719
    Latitude
    47.0205
    CBSA code
    20260
    CBSA name
    DULUTH, 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
    $1,604
    $24,800
    $26,500
    $51,300
    -
    $24,800
    $26,500
    $51,300

    Comparable in this City

    • Value Estimation
      $145,000
      2,880 SF

      2777 Hwy 61

      RETAIL STORES (PERSONAL SERVICES) • 2,880 SF
      2777 Hwy 61, Two Harbors, MN 55616-2002
      View Details
    • Value Estimation
      $165,000
      4,672 SF

      106 Waterfront Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,672 SF
      106 Waterfront Dr, Two Harbors, MN 55616-7000
      View Details
    • Value Estimation
      $250,000
      6,000 SF

      Two Harbors, MN 55616

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      Two Harbors, MN 55616
      View Details
    • Value Estimation
      $190,000
      3,534 SF

      618 1st Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,534 SF
      618 1st Ave, Two Harbors, MN 55616-1506
      View Details
    • Value Estimation
      $210,000
      6,000 SF

      1233 7th Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      1233 7th Ave, Two Harbors, MN 55616-1153
      View Details
    • Value Estimation
      $325,000
      5,448 SF

      122 Waterfront Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,448 SF
      122 Waterfront Dr, Two Harbors, MN 55616-1526
      View Details

    Similar Nearby for Sale

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      Residential property near Lake Superior with potential and acreage.
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      Pristine 320-acre land parcel surrounded by national and state forests.
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    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Retail Outparcel with Grocery Anchor

      Proposed retail space with high visibility and accessibility.
      1009 7Th Ave, Two Harbors, MN 55616
      View Details
    • Contact for pricing
      13,500 SF

      Highway Sites Leasing Opportunity

      Leasing opportunities with great visibility outside of Two Harbors.
      872 Stanley Rd, Two Harbors, MN 55616
      View Details
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    Two Harbors, MN 55616-1512
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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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