Financial
Distress signals
Property profile

9218 Lk NE Dr Columbus, MN 55025

OFF-MARKET
Other commercial real estate
Property ID
US46-0973124
7,200 SF 10.75 ac lot Built 1988
Last sale Dec 2013 · $80,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 10.58-acre commercial site in Columbus, Minnesota, located just north of the 35E/35W split. It is a corner lot with frontage on Lake Drive NE and Zurich St, and it is within about one-half mile of Interstate 35. The southern boundary adjoins Running Aces Casino Hotel and Racetrack. The site is zoned General Commercial (GC) and is served by city sewer and city water. Vehicular access is provided via Zurich St with signalized traffic-light access onto Lake Drive NE, including…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$20k
Tax billed · 2024
Assessed value$788k
Assessed land$713k
Assessed improvement$75k
Effective rate2.51%

Value estimate

· Sep 2026
$485k
$437k – $534k
Submarket $/SF estimate$1.24M

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$179/SF
Submarket average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$90 – $308
Qualifying comparables11

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.

JurisdictionANOKA

Location intelligence

Which uses thrive at this corner?

Location

9218 Lk NE Dr Columbus, MN 55025-9443
County assessor Recorded deeds · 3 transfers 11 qualifying comp sales 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
7050 Scandia N, Forest Lake, MN 55025-9161 $1,900,000 May 2024 9,948 SF
14155 Lk NE, Columbus, MN 55025-9496 $425,000 Jun 2023 3,336 SF
21438 Frst N, Forest Lake, MN 55025-2625 $370,000 Jan 2023 11,725 SF
531 Lk S, Forest Lake, MN 55025-2610 $425,000 Nov 2022 3,612 SF
6811 137th NE, Columbus, MN 55025-2859 $636,469 Apr 2022 21,000 SF
13711 Lk NE, Columbus, MN 55025 $2,200,000 May 2019 12,400 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
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