403 WASHINGTON ST
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Location
403 WASHINGTON ST
Mblu
146/ / 21/ /
Acct#
41940
Owner
JR & R III LLC
Total Market Value
$8,560,500
Appraisal
$8,560,500
PID
1467
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$5,788,500$2,772,000$8,560,500
Assessment
Valuation YearImprovementsLandTotal
2026$5,788,500$2,772,000$8,560,500

Owner of Record
OwnerJR & R III LLC
Co-OwnerRUNNINGS (5578) (36)
Address901 NORTH HWY 59
MARSHALL, MN 56258
Sale Price$3,300,000
Certificate
Book & Page 1921/0808
Sale Date08/11/2014
Instrument21

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
JR & R III LLC$3,300,000 1921/08082108/11/2014
LOWE'S HOME CENTERS INC$525,600 1513/04470004/27/2005
BASS REALTY CORP$0 0353/0201 10/07/1952

Building Information
Building 1 : Section 1
Year Built: 2010
Living Area: 124,536
Replacement Cost: $6,548,891
Building Percent Good: 73
Replacement Cost
Less Depreciation:
$4,780,700
Building Attributes
FieldDescription
Style:Whse Disc Store
ModelCom/Ind
GradeC
Stories:1.00
Occupancy1.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2 
Roof StructureFlat
Roof CoverVinylPolyester
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelGas
Heating TypeHot Air-no Duc
AC TypeCentral
Bldg UseRetail C
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:332I
Heat/ACHeat/AC Pkgs
Frame TypeMasonry
Baths/PlumbingAverage
Ceiling/WallTypical
Rooms/PrtnsAverage
Wall Height25.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 124,536 124,536
CANCanopy 15,450 0
FCPCarport 2,733 0
   142,719 124,536

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR3Sprinklers Dry3633.00 S.F.$6,1001
SPR1Sprinklers Wet124586.00 S.F.$118,2001
LDL1Load Level Pwr3.00 UNITS$13,6001

Land
Land Use
Use Code320
DescriptionRetail C  
ZoneB2
Neighborhood050
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)17.61
Frontage0
Depth0
Total Market Land$2,772,000
Appraised Value$2,772,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1Paving - Aspha  268500.00 S.F.$805,5001
LT1Light w/Pole  8.00 UNITS$7,6001
LT22 Lights w/Pol  12.00 UNITS$16,2001
LT33 Lights w/Pol  2.00 UNITS$3,5001
LT44 Lights w/Pol  3.00 UNITS$6,3001
SGN3W/INT LIGHTS  192.00 S.F.&HGT$7,6001
FN1Fence 4' Chain  1800.00 L.F.$18,9001
FN5Fence 10' Chai  215.00 L.F.$4,3001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2026$5,788,500$2,772,000$8,560,500
2025$5,788,500$2,772,000$8,560,500
2024$5,788,500$2,772,000$8,560,500

Assessment
Valuation YearImprovementsLandTotal
2026$5,788,500$2,772,000$8,560,500
2025$5,788,500$2,772,000$8,560,500
2024$5,788,500$2,772,000$8,560,500

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