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    Property profile & analytics

    Springfield, MN 56087

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2453485
    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

    Property type
    Commercial real estate
    APN
    003.000.003.01.010
    APU
    300000301010

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Brown
    State
    Minnesota
    Longitude
    -94.9711
    Latitude
    44.2407
    CBSA code
    35580
    CBSA name
    NEW ULM, 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
    $374
    $10,700
    $1,000
    $11,700
    -
    $10,700
    $1,000
    $11,700

    Comparable in this City

    • Value Estimation by Request
      39,100 SF

      Springfield, MN 56087

      COMMERCIAL (GENERAL) • 39,100 SF
      Springfield, MN 56087
      View Details
    • Value Estimation by Request
      6,000 SF

      13 Cass Ave

      COMMERCIAL (GENERAL) • 6,000 SF
      13 Cass Ave, Springfield, MN 56087-1501
      View Details
    • Value Estimation by Request
      4,329 SF

      24 Central St

      COMMERCIAL (GENERAL) • 4,329 SF
      24 Central St, Springfield, MN 56087-1402
      View Details
    • Value Estimation by Request
      3,310 SF

      12 Lincoln St

      COMMERCIAL (GENERAL) • 3,310 SF
      12 Lincoln St, Springfield, MN 56087-1301
      View Details
    • Value Estimation by Request
      2,492 SF

      10 O Connell Ave

      COMMERCIAL (GENERAL) • 2,492 SF
      10 O Connell Ave, Springfield, MN 56087-1308
      View Details
    • Value Estimation
      $55,000
      5,000 SF

      6 Central St

      COMMERCIAL (GENERAL) • 5,000 SF
      6 Central St, Springfield, MN 56087-1608
      View Details

    Similar Nearby for Sale

    • $119,900
      1,984 SF

      Springfield Car Wash & Laundromat

      Profitable Turnkey Business Opportunity
      104 Central St, Springfield, MN 56087
      View Details
    • $249,000
      4,000 SF

      Downtown Springfield Commercial Duo

      Two Buildings, Prime Location, $249,000
      8 Marshall Ave, Springfield, MN 56087
      View Details
    • $119,900
      0.18 Acres

      Car Wash & Laundromat Business

      Established car wash and laundromat in Springfield, Minnesota.
      104 W Central St, Springfield, MN 56087
      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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