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<br />SUMMARY OF IMPORTANT FACTS & CONCLUSIONS <br /> <br /> <br />Front View of Subject <br /> <br />Location: <br /> <br />413 Proctor Avenue NW <br /> <br />City I County: <br /> <br />Appraisal Report: <br /> <br />Current Use: <br /> <br />Extraordinary Assumptions & <br />Hypothetical Conditions: <br /> <br />Site Size: <br /> <br />Elk River I Sherburne <br />Summary Report <br />Public Library <br /> <br />None; See report for standard assumptions <br /> <br />GBA: <br /> <br />50,529 SF (1.16 acres), per county <br />9,808 SF <br /> <br />Highest & Best Use: <br />Zoning: <br />Property Rights Appraised: <br />Personal Property: <br />Cost Approach: <br />Sales Comparison Approach: <br />Income Approach: <br /> <br />Current use with potential for conversion <br />R-1c, Single-Family Residential <br />Fee Simple <br />No business value or personal property included. <br /> <br />$1,063,000 <br />$1,049,000 <br />$1,028,000 <br /> <br />Final Market Value: <br /> <br /> <br />Nagell Appraisal & Consulting: 952-544-8966 I www.callnagell.com <br /> <br />1 <br />