1223 CentralEast Grand Forks, MN 56721

  • Retail space
  • 7,800 SF
Off market
$10,179,110 Estimated

Property Details for 1223 Central

Year built
1989
Lot size
1.02 AC
Property size (Sq ft)
7,800 SF
Property type
Retail space
APN
83.03088.00
APU
830308800

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,108,084
    6.5%
    $1,945,923
    7%
    $1,806,929
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,003,242
    Geo Method
    $1,003,242
  • Alternative Use

    Use
    Valuation
    Residential
    $1,641,459
    Hospitality
    $1,503,568
    Educational
    $1,250,951
    Medical
    $1,293,973
    Retail
    $1,945,923

Location Insight

City
East Grand Forks
County
Polk
State
Minnesota
Latitude
47.9372
Longitude
-97.0212
CBSA code
24220
CBSA name
GRAND FORKS, ND-MN METROPOLITAN 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
$8,044
$76,500
$426,200
$502,700
-
$76,500
$426,200
$502,700

FAQs

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