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    5547 Highway 2 Hermantown, MN 55810

    For Sale
    $895,000

    Commercial - Hermantown, MN

    Property size:
    14,130 SF
    Lot size:
    6.92 Acres
    Days on Market:
    36
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 5547 Highway 2

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    14,130 SF
    Lot size
    6.92 Acres

    Utilities

    Heating system
    Oil

    Building Details

    Year built
    1990
    Number of units
    9
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    North Point Realty (218) 624-2667 [email protected]

    Listing agent Jeff Urbaniak (218) 624-2667

    Listing date Oct 31, 2025

    MLS# 6121306 Listing URL

    Copyright © 2025 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.

    Overview

    Hermantown Commercial Investment Opportunity

    This commercial property, situated on 6.92 acres, presents an investment opportunity. The property includes multiple commercial spaces, totaling 14,130 square feet, that can be leased out. Currently, the spaces are leased for car sales, car repair, warehouse space, sales, and office use. It is located in Hermantown, MN. The property features a new mound septic system.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Building Supply Auto Repair Shop Food Market Storage Facility HVAC Service Grocery Store Cafe & Coffee Shop Garden Center Car Rental

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

    Similar Places Nearby

    U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Hermantown
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.265258
    Latitude
    46.77393

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    FAQs

    What type of property is this?
    Automotive property - Commercial property on 6.92 acres with multiple spaces.
    Where is this automotive property located?
    The property is located at 5547 Highway 2 Hermantown, MN.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Investment opportunity with 9 commercial spaces currently leased.; - Located on a large 6.92 acre lot.; - Potential to house your own business or lease out spaces.
    (218) 624-2667
    Request Owner's contact information
    5547 Highway 2 Hermantown, MN 55810
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    Hermantown, MN 55810
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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
    5547 Highway 2 Hermantown, MN 55810
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