Property profile

701 Central Ave E Saint Michael, MN 55376

FOR LEASE
Banks
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Property ID
US46-0500904
8,770 SF 2.17 ac Built 1980
Last sale Dec 2005·$1,000,000
Individually Owned Owner of record is an individual. 15-yr Hold Held for 15 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property consists of retail spaces that range from approximately 1,600 to 6,000 square feet. The spaces are configured to accommodate either retail or office use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$34k
Tax billed · 2023
Assessed value$1.53M
Assessed land$595k
Assessed improvement$931k
Effective rate2.23%

Value estimate

· Nov 2026
$555k
$500k – $611k
AI approach$475k
Submarket $/SF estimate$638k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWRIGHT

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.5
Building Supply13.5
Restaurant12.1

Location

701 Central Ave E Saint Michael, MN 55376
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
301 Central E, Saint Michael, MN 55376-0009 $840,000 Dec 2025 3,988 SF
12725 43rd NE, Saint Michael, MN 55376-4900 $3,000,000 Oct 2024 4,529 SF
101 Central E, Saint Michael, MN 55376-9543 $425,000 Dec 2023 2,256 SF
1 Central W, Saint Michael, MN 55376-4591 $2,675,000 Aug 2022 7,440 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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