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    4097 Highway 53 Eveleth, MN 55734

    Sponsored
    For Sale
    $1,500,000

    Commercial/Industrial - Eveleth, MN

    Property size:
    64,407 SF
    Days on Market:
    15
    Last Refresh:
    Jan 5 at 5:06 am

    Property Features for 4097 Highway 53

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COM
    APN
    340-0010-03595
    Parking
    10
    Size
    64,407 SF

    Utilities

    Heating system
    Electric (Heating), Hot Water (Heating), Natural Gas

    Building Details

    Roof type
    Metal
    Architectural style
    Other

    Next Door Realty (218) 410-5353

    Listing agent Norma Jean Jofs (218) 410-5353

    Listing date Dec 22, 2025

    MLS# 146365 Listing URL

    Copyright © 2026 Range 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

    Eveleth Commercial/Industrial Opportunity

    This property, situated on over 6 acres of land along Hwy 53, presents a commercial or industrial opportunity. It features multiple buildings and is equipped with city sewer and a private well. One of the newer buildings measures 125x240ft and offers ceiling heights up to 25ft, multiple overhead doors, and substantial working space suitable for product distribution and inventory management. The other building includes ceiling heights up to 16ft and incorporates a finished office space with a break room and conference room. An area suitable for organizing or maintaining inventory is also present, along with a cold storage area measuring approximately 60x220ft. The buildings were previously used for manufacturing wood products, but could be converted to an industrial warehouse or adapted to various other business needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing 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
    State
    Minnesota
    Longitude
    -92.522903
    Latitude
    47.415665

    Nearby Similar for Sale

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      409 Grant Ave, Eveleth, MN 55734
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    • $1,500,000
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      Prime Eveleth Industrial Property

      12.4 Acres, Multiple Buildings, Hwy 53 Frontage
      4097 Highway 53, Eveleth, MN 55734
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    • $324,500
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      Eveleth Commercial Building - Great Potential

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    FAQs

    What type of property is this?
    Manufacturing property - 6+ acres with multiple buildings on Hwy 53.
    Where is this manufacturing 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.
    What are key features of this property?
    This property features: - 6+ acres of land on Hwy 53, ideal for business ventures; - Newer **125x240ft building with up to 25ft ceiling heights and multiple overhead doors**; - Second building with 16ft ceiling heights, finished office space, break room, and conference room
    (218) 780-2860
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    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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