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    1270 4Th Ave SW Chisholm, MN 55719

    Sponsored
    For Sale
    $485,000

    Commercial - Chisholm, MN

    Property size:
    7,642 SF
    Lot size:
    3.10 Acres
    Days on Market:
    218
    Last Refresh:
    Feb 12 at 8:06 am

    Property Features for 1270 4Th Ave SW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    Parking features
    Driveway
    Interior features
    Concrete Block Walls, Metal Walls, Wood Walls
    Size
    7,642 SF
    Lot size
    3.10 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    1
    Building materials
    Block, Concrete
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Mike Dodge

    Sunrise Real Estate, LLC. (218) 341-0645

    Listing agent Mike Dodge (218) 341-0645

    Listing date Jul 10, 2025

    MLS# 6120602 Listing URL

    Copyright © 2026 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Chisholm Commercial Property on Highway

    Located in Chisholm, MN, this commercial property offers an excellent location overlooking Highway 169. The site spans over 3 acres and includes a building with over 7600 square feet. The property features a large laydown area suitable for various uses. The building includes both heated and unheated shop areas. The west shop measures 40 feet by 80 feet and features a 16-foot by 16-foot overhead door, 20-foot ceilings, and interior iron for a hoist system. The wall can be opened to connect to the southeast shop, which measures 30 feet by 40 feet plus, and includes a 14-foot by 14-foot door, ceilings over 16 feet, insulation, an overhead hoist, and 3-phase power. The east shop measures 60 feet by 40 feet plus 32 feet by 28 feet in the north portion, with a 12-foot by 12-foot overhead door and 13-foot ceilings in the main area. It is insulated and heated. The structural panels, roof, and wood exterior are well maintained, along with the grounds and parking areas. The property is located along Highway 169 and Iron Drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chisholm
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.886462425995
    Latitude
    47.480293714125

    Nearby Similar for Sale

    • $649,000
      5,392 SF

      Versatile Commercial Building in Chisholm

      5,200 sq ft commercial building with office and shop space.
      126 Iron Dr E, Chisholm, MN 55719
      View Details
    • $150,000
      2,380 SF

      Chisholm Commercial Building Opportunity

      Main Street building with open floor plan, ideal for business.
      211 W Lake St, Chisholm, MN 55719
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    • New
      $57,000
      1,825 SF

      Downtown Chisholm Former Neighborhood Bar

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      19 Lake St W, Chisholm, MN 55719
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    FAQs

    What type of property is this?
    Warehouse - Versatile industrial property with highway frontage and ample laydown area.
    Where is this warehouse located?
    The property is located at 1270 4Th Ave SW Chisholm, MN.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Excellent location overlooking HWY 169 in Chisholm, MN.; - Large building with 7600+ sq ft of heated and unheated shop areas.; - 3+ acre site with a huge laydown area suitable for various uses.
    (218) 341-0645
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    1270 4Th Ave SW Chisholm, MN 55719
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    Chisholm, MN 55719
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1270 4Th Ave SW Chisholm, MN 55719
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    We can help!
    Listing Contact
    Mike Dodge
    (218) 341-0645
    Learn more
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