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5241 Miller Trunk Hwy Hermantown, MN 55811

Sponsored
For Sale
$1,200,000

Four Acres, Hwy 53 Frontage, High Traffic

Description

Added:
Feb 3, 2025
Days on Market:
338
This exceptional 4-acre commercial property presents a unique investment opportunity in the thriving Hermantown, MN market. Strategically located on a corner lot of the heavily trafficked Miller Trunk Highway (Hwy 53), this site boasts unparalleled visibility and accessibility. The high, usable land offers ample space for new construction, expansion, or redevelopment, catering to a wide range of commercial ventures. Existing buildings on the site offer potential for immediate cash flow, providing a solid foundation for your business plans. The property is zoned for general commercial use and benefits from readily available utilities. Its prime location ensures maximum exposure to thousands of vehicles daily, making it ideal for businesses seeking high foot traffic and brand recognition. This is a rare chance to acquire a substantial commercial parcel in a prime location with significant development potential and immediate income possibilities. The property's size and location make it suitable for a variety of commercial uses, from retail and restaurants to office spaces and light industrial businesses. Don't miss this opportunity to establish your business in a high-growth area with exceptional visibility and infrastructure. The existing structures provide a unique advantage, allowing for immediate revenue generation while long-term development plans are implemented.

Property Features for 5241 Miller Trunk Hwy

General Information

Property type
Other commercial real estate
Lot Size
174,240 SF

Building Details

Year Built
1970

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Spa & Massage Building Supply Dental Office Hair Salon Auto Repair Shop Clothing Store Hotel & Motel Pharmacy Auto Parts Store

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

Location Insight

  • Map
  • Local Demand
City
Hermantown
County
St. Louis County
State
Minnesota
Longitude
-92.23296
Latitude
46.8371

FAQs

What type of property is this?
Commercial real estate - Four Acres, Hwy 53 Frontage, High Traffic
Where is this commercial real estate located?
The property is located at 5241 Miller Trunk Hwy Hermantown, MN.
What is the asking price?
The asking price for this property is $1,200,000.
More about this property
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