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    507x Maple Grove Rd Hermantown, MN 55811

    For Sale
    $1,200,000

    Lots & Land - Hermantown, MN

    Lot size:
    12.87 Acres
    Days on Market:
    81
    Last Refresh:
    Dec 5 at 7:06 am

    Property Features for 507x Maple Grove Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential-Multi-Family,Residential-Single Family
    APN
    395001004130
    Lot size
    12.87 Acres

    Building Details

    Architectural style
    Other

    RE/MAX Results (952) 829-2900 [email protected]

    Listing agent Joe Allen (952) 829-2900

    Listing date Sep 16, 2025

    MLS# 6788053 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hermantown Development Site Opportunity

    This 12.87-acre development site is suitable for a residential or multi-family apartment project. It is adjacent to the Pillars of Hermantown, a newer luxury senior living building. Hermantown City Hall is located across the street. The site is approximately 2.2 miles from Miller Hill Mall and in close proximity to Sam's Club, Costco, Target, and various shopping and restaurant options. It is located 5 miles from downtown Duluth and 2.5 miles from Duluth International Airport. Recent studies indicate strong local housing demand. Concept plans for a multi-family apartment building, as well as twin homes and villa homes, have been previously approved by the city. The property is zoned for both residential multi-family and residential single-family use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Hermantown
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.21390775
    Latitude
    46.80917811

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    FAQs

    What type of property is this?
    Residential land & home lot - Prime development site for residential or multi-family project in Hermantown.
    Where is this residential land & home lot located?
    The property is located at 507x Maple Grove Rd Hermantown, MN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Approved concept plans available for multi-family apartment building, Twinhomes, and Villa Homes.; - Prime development site for residential or multi-family apartment project.; - Strong local housing demand indicated by recent studies.
    (952) 829-2900
    Request Owner's contact information
    507x Maple Grove Rd Hermantown, MN 55811
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    Realmo Value Estimation

    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.

    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.

    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
    507x Maple Grove Rd Hermantown, MN 55811
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