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    4097 Highway 53 Eveleth, MN 55734

    For Sale
    $1,500,000

    12.4 Acres, Multiple Buildings, Hwy 53 Frontage

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 12.4-acre commercial property in Eveleth, Minnesota, presents a remarkable business opportunity. Strategically located on Highway 53, the site boasts multiple substantial buildings, offering significant versatility for a wide range of industrial or commercial uses. The property includes city sewer and a private well, ensuring convenient and reliable utilities. A key feature is a newer, expansive building measuring 125 feet by 240 feet, featuring impressive ceiling heights of up to 25 feet. This building is equipped with multiple overhead doors, ideal for efficient loading and unloading of goods, along with hot water heat and ample workspace. A second building offers ceiling heights up to 16 feet and includes a well-appointed office area complete with a break room and conference room. Additional space within this building is suitable for inventory management or customized to suit specific business needs. A substantial cold storage area, approximately 60 feet by 220 feet, is also included. Previously used for wood product manufacturing, the buildings are adaptable to various industrial or warehouse applications, allowing for customization to meet the requirements of a new owner. This property's size, location, and existing infrastructure make it an exceptional investment opportunity with significant potential for growth and expansion. The asking price is $1,500,000.

    Property Features for 4097 Highway 53

    General Information

    Property type
    Investment properties
    Lot Size
    540,144 SF

    Building Details

    Year Built
    1982
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Auto Repair Shop Auto Parts Store Electronics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Eveleth
    County
    St. Louis County
    State
    Minnesota
    Longitude
    -92.5229
    Latitude
    47.41566

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    Nearby Similar for Sale

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      Eveleth Commercial Property with Apartments

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      Eveleth Commercial Property with Apartments

      Commercial building with restaurant, bar, banquet facilities, and apartments.
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      View Details
    • $87,500
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      Mixed-Use Building with Income Potential

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      409 Grant Ave, Eveleth, MN 55734
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      Eveleth Commercial Building - Great Potential

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    FAQs

    What type of property is this?
    Investment property - 12.4 Acres, Multiple Buildings, Hwy 53 Frontage
    Where is this investment property located?
    The property is located at 4097 Highway 53 Eveleth, MN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (218) 410-5353
    Request Owner's contact information
    4097 Highway 53 Eveleth, MN 55734
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    Eveleth, MN 55734
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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
    4097 Highway 53 Eveleth, MN 55734
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