518 7thAitkin, MN 56431

Property Details for 518 7th

Year built

2004

Lot size

2.59 AC

Property size (Sq ft)

16,442 SF

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

56-0-181001

APU

560181001

• CAP approach

  CAP return

  Valuation

  6%

  $2,954,930

  6.5%

  $2,727,628

  7%

  $2,532,798

• Comparable approach

  Method

  Valuation

  Relative Method

  $965,080

  Geo Method

  $965,080

• Alternative Use

  Use

  Valuation

  Residential

  $3,460,112

  Hospitality

  $3,169,444

  Educational

  $2,636,940

  Medical

  $2,727,628

  Retail

  $4,101,906

Location Insight

City

Aitkin

County

Aitkin

State

Minnesota

Latitude

46.5368

Longitude

-93.6956

Property Tax & Assessments

• Assessed Improved Value
  $2,453,000
• Assessed land value
  $79,500
• Assessed value
  $2,532,500
• Tax year
  2023
• Tax bill
  $41,588

FAQs

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