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Property profile & analytics
OFF-MARKET
Commercial real estate
716 10th E St, Glencoe, MN 55336-2212
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-2296263
Property summary
AI-generated overview
This exceptional 8,229 square foot retail building is ideally situated in the heart of Glencoe, Minnesota, directly on State Highway 22. Built in 1980, this sturdy concrete structure offers two existing units, presenting a versatile opportunity for a variety of retail or service businesses. The property boasts convenient on-street parking and approximately five additional off-street parking stalls located at the rear. A significant advantage for any prospective buyer is the inclusion of a brand-new roof as part of the sale, eliminating a major capital expenditure. The building also features a loading dock at the rear, enhancing operational efficiency. This prime location offers excellent visibility and accessibility, making it an attractive investment for entrepreneurs seeking a well-established space in a thriving community. The asking price for this substantial property is $349,000. Don't miss this chance to own a piece of Glencoe's vibrant commercial landscape.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Total area
8,229 SF
APN
22.060.3220
UPID
US46-2296263
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Coiner Equine Center Horse Boarding Stable
-
Chronicle Advertiser Publishing House Newspaper & Magazine
-
McLeod Publishing Inc. Publishing House Newspaper & Magazine
-
Glencoe News Newspaper & Magazine Television Studio
-
McPubDesigns Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Harpel Bros INC · 1 yrs held
Harpel Bros INC
since 2025
Last sale
$150,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Glencoe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glencoe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$9,814
Tax year 2019
Assessed value
$356,500
Assessed 2022
Previous assessed
$356,500
+0.0% YoY
Effective rate
2.75%
On assessed value
Assessed land
$41,800
Assessed improvement
$314,700
Land market value
$41,800
Improvement market value
$314,700
Total market value
$356,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1900
Stories
1
Total area
8,229 SF
APN
22.060.3220
UPID
US46-2296263
Jurisdiction
MCLEOD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Stories
1
Current owner
From public records · entity-resolved
Harpel Bros INC
Entity
Free & Clear · 1 yrs held
Mailing address
1976 S CAMINITO LINDO, GREEN VALLEY, AZ 85622-8354
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
$150,000
Harpel Bros INC
Joyce G Ramige
Deed
—
Oct 1, 2010
—
Joyce Ramige
Wdw Company
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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