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    Property profile & analytics

    616 Main St Madison Lake, MN 56063

    • Self service car washes
    • 1,020 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $75,000
    Last Sale
    Oct 25, 2022
    $58,000
    Location Intelligence
    Property ID
    US46-1929081
    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

    • Self service car washes

    Property Details for 616 Main St

    Year built
    1950
    Lot size
    0.19 lot acres
    Property size
    1,020 SF
    Property type
    Self service car washes
    APN
    R14.05.34.402.007
    APU
    R140534402007

    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
    -93.8158
    Latitude
    44.2025
    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
    $960
    $22,600
    $26,300
    $48,900
    -
    $22,600
    $26,300
    $48,900

    Comparable in this City

    • Value Estimation
      $185,000
      3,722 SF

      409 Main St

      AUTO REPAIR, GARAGE • 3,722 SF
      409 Main St, Madison Lake, MN 56063-7502
      View Details
    • Value Estimation by Request
      1,024 SF

      612 Main St

      LAUNDROMAT (SELF-SERVICE) • 1,024 SF
      612 Main St, Madison Lake, MN 56063
      View Details
    • Value Estimation by Request
      3,072 SF

      805 Main St

      BAR, TAVERN • 3,072 SF
      805 Main St, Madison Lake, MN 56063-2030
      View Details
    • Value Estimation by Request
      3,250 SF

      421 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,250 SF
      421 Main St, Madison Lake, MN 56063-7507
      View Details
    • Value Estimation
      $180,000
      2,077 SF

      512 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,077 SF
      512 Main St, Madison Lake, MN 56063-2027
      View Details
    • Value Estimation
      $250,000
      2,450 SF

      301 Main St

      BAR, TAVERN • 2,450 SF
      301 Main St, Madison Lake, MN 56063-9340
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,056 SF

      Lakeside Hospitality Business Opportunity

      Thriving lakeside bar, grill, and entertainment venue for sale.
      805 Main St, Madison Lake, MN 56063
      View Details
    • Contact for pricing
      6,056 SF

      Lakeside Hospitality Business Opportunity

      Thriving bar, grill, and condos on Madison Lake.
      803 Main St, Madison Lake, MN 56063
      View Details
    • $53,900
      0.19 Acres

      Residential Land in Madison Lake

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

      Residential Lots Ready For Building

      Single family lots available for building with utilities access.
      290 3 Lk Dr, Madison Lake, MN 56063
      View Details
    • $174,900
      1.00 Acre

      One Acre Residential Building Site

      One acre lot ready for your dream home and outbuildings.
      604Th Ave, Madison Lake, MN 56063
      View Details
    • $315,000
      1.40 Acres

      Madison Lake Buildable Land Opportunity

      1.4 acre residential land with lake views and access.
      1140 Park Rd, Madison Lake, MN 56063
      View Details
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    616 Main St
    Madison Lake, MN 56063
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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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