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    Property profile & analytics

    Nicollet, MN 56074

    • Commercial real estate
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 29, 2022
    $32,000
    Location Intelligence
    Property ID
    US46-3108204
    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

    • Commercial real estate

    Property Details

    Lot size
    2.00 lot acres
    Property type
    Commercial real estate
    APN
    08.027.0605
    APU
    80270605

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nicollet
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.1797
    Latitude
    44.3846
    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
    2023
    $16,666
    $55,000
    $817,500
    $872,500
    -
    $55,000
    $817,500
    $872,500

    Comparable in this City

    • Value Estimation by Request
      14,396 SF

      219 Cedar St

      COMMERCIAL (GENERAL) • 14,396 SF
      219 Cedar St, Nicollet, MN 56074
      View Details
    • Value Estimation by Request
      3,456 SF

      206 Pne St

      COMMERCIAL (GENERAL) • 3,456 SF
      206 Pne St, Nicollet, MN 56074-2076
      View Details
    • Value Estimation
      $495,000
      13,320 SF

      709 State Hwy 14

      COMMERCIAL (GENERAL) • 13,320 SF
      709 State Hwy 14, Nicollet, MN 56074-2062
      View Details
    • Value Estimation
      $60,000
      2,622 SF

      320 3rd St

      COMMERCIAL (GENERAL) • 2,622 SF
      320 3rd St, Nicollet, MN 56074-2004
      View Details
    • Value Estimation
      $340,000
      3,880 SF

      Walnut St

      COMMERCIAL (GENERAL) • 3,880 SF
      Walnut St, Nicollet, MN 56074
      View Details
    • Value Estimation
      $685,000
      7,800 SF

      716 2nd St

      COMMERCIAL (GENERAL) • 7,800 SF
      716 2nd St, Nicollet, MN 56074-2002
      View Details

    Similar Nearby for Sale

    • $137,900
      3,578 SF

      Nicollet Commercial Building - Huge Potential

      Prime Nicollet location, 3578 sq ft, high visibility.
      710 3Rd St, Nicollet, MN 56074
      View Details
    • $700,000
      26.00 Acres

      Nicollet County Development Land

      26 Acres, Highway 14 Access
      47260 461St Ave, Nicollet, MN 56074
      View Details
    • $650,000

      Land with Development Potential

      Agricultural land with rezoning potential and highway access.
      46928 461St Ave, Nicollet, MN 56074
      View Details
    • Contact for pricing
      Pending

      Farmland Auction Near Nicollet, Minnesota

      39.87 acre farm auction near Nicollet on November 19, 2025.
      Co. Rd 4, Nicollet, MN 56074
      View Details
    • Contact for pricing
      Pending

      Farmland Auction Near Nicollet, Minnesota

      132.63 acre farm auction near Nicollet on November 19, 2025.
      Co. Rd 4, Nicollet, MN 56074
      View Details
    • $1,200,000

      Highway 14 Bypass Development Land

      26 acres with excellent visibility, ideal for development.
      47260 461St Ave, Nicollet, MN 56074
      View Details
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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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