1009 LkDetroit Lakes, MN 56501

  • Office buildings
  • 2,603 SF
Off market
$3,450,000 Estimated

Property Details for 1009 Lk

Year built
1900
Construction
WOOD
Lot size
0.34 AC
Property size (Sq ft)
2,603 SF
Property type
Office buildings
APN
491026000
APU
491026000

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $542,385
    6.5%
    $500,663
    7%
    $464,901
  • Comparable approach

    Method
    Valuation
    Relative Method
    $132,857
    Geo Method
    $132,857
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $988,690
    Retail / Commercial
    $506,408
    Mixed-Use / Specialty
    $504,140
    Hospitality / Lodging
    $369,269
    Institutional / Educational
    $523,937
    Residential Income
    $613,006
    Multifamily
    $737,771
    Automotive / Energy
    $449,089
    Parking / Income-Based Land
    $155,432
    Restaurant / Food Service
    $261,220
    Healthcare / Senior Housing
    $517,460

Location Insight

City
Detroit Lakes
County
Becker
State
Minnesota
Latitude
46.8154
Longitude
-95.8465

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
$3,684
$60,600
$169,600
$230,200
-
$60,600
$169,600
$230,200

FAQs

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