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    Property profile & analytics

    Springfield, MN 56087

    • Auto shops
    • 4,868 SF
    OFF-MARKET
    Value Estimation
    $65,000
    Last Sale
    Sep 02, 2022
    $48,000
    Location Intelligence
    Property ID
    US46-2804659
    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

    • Auto shops

    Property Details

    Year built
    1960
    Property size
    4,868 SF
    Property type
    Auto shops
    APN
    003.120.004.10.101
    APU
    312000410101

    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
    -94.9831
    Latitude
    44.2427
    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
    $1,036
    $10,100
    $28,300
    $38,400
    -
    $10,100
    $28,300
    $38,400

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      20 Lincoln St

      AUTO REPAIR, GARAGE • 4,000 SF
      20 Lincoln St, Springfield, MN 56087-1500
      View Details
    • Value Estimation by Request
      2,400 SF

      114 Van Buren Ave

      AUTO REPAIR, GARAGE • 2,400 SF
      114 Van Buren Ave, Springfield, MN 56087-1536
      View Details
    • Value Estimation
      $335,000
      2,496 SF

      603 Rock St

      AUTO REPAIR, GARAGE • 2,496 SF
      603 Rock St, Springfield, MN 56087
      View Details
    • Value Estimation
      $320,000
      6,000 SF

      21 Cass Ave

      AUTO REPAIR, GARAGE • 6,000 SF
      21 Cass Ave, Springfield, MN 56087-1501
      View Details
    • Value Estimation
      $380,000
      6,240 SF

      1535 Central St

      AUTO REPAIR, GARAGE • 6,240 SF
      1535 Central St, Springfield, MN 56087-1295
      View Details
    • Value Estimation by Request
      3,120 SF

      322 Rock St

      AUTO REPAIR, GARAGE • 3,120 SF
      322 Rock St, Springfield, MN 56087-1044
      View Details

    Similar Nearby for Sale

    • New
      $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
    • $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
      1,984 SF

      Springfield Car Wash & Laundromat

      Profitable Turnkey Business Opportunity
      104 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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