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    Property profile & analytics

    624 Lk Ave Detroit Lakes, MN 56501-3029

    • Office buildings
    • 1,600 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $385,000
    Last Sale
    May 02, 2023
    Location Intelligence
    Property ID
    US46-2697366
    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

    • Office buildings

    Property Details for 624 Lk Ave

    Year built
    1950
    Construction
    STEEL FRAME
    Lot size
    0.13 lot acres
    Property size
    1,600 SF
    Property type
    Office buildings
    APN
    491889000
    APU
    491889000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Detroit Lakes
    County
    Becker
    State
    Minnesota
    Longitude
    -95.847
    Latitude
    46.8196

    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
    $3,310
    $95,000
    $94,300
    $189,300
    -
    $95,000
    $94,300
    $189,300

    Comparable in this City

    • Value Estimation by Request
      17,472 SF

      1339 Pelican Ln

      OFFICE BUILDING • 17,472 SF
      1339 Pelican Ln, Detroit Lakes, MN 56501-2726
      View Details
    • Value Estimation by Request
      4,800 SF

      1817 Us Hwy 10

      OFFICE BUILDING • 4,800 SF
      1817 Us Hwy 10, Detroit Lakes, MN 56501-2832
      View Details
    • Value Estimation by Request
      210 SF

      30025 170th St

      OFFICE BUILDING • 210 SF
      30025 170th St, Detroit Lakes, MN 56501
      View Details
    • Value Estimation by Request
      65,184 SF

      750 Randolph Rd

      OFFICE BUILDING • 65,184 SF
      750 Randolph Rd, Detroit Lakes, MN 56501-3701
      View Details
    • Value Estimation
      $635,000
      14,280 SF

      1143 Hawk St

      OFFICE BUILDING • 14,280 SF
      1143 Hawk St, Detroit Lakes, MN 56501-6942
      View Details
    • Value Estimation
      $235,000
      7,840 SF

      1245 Hawk St

      OFFICE BUILDING • 7,840 SF
      1245 Hawk St, Detroit Lakes, MN 56501-6932
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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      View Details
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    Detroit Lakes, MN 56501-3029
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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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