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    2202 1St Ave Hibbing, MN 55746

    Sponsored
    For Sale
    $99,000

    Prime Corner Lot, 1960 sq ft, Huge Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 2202 1st Ave in the heart of Hibbing, Minnesota's downtown district, presents a truly remarkable business opportunity. The building encompasses a generous 1,960 square feet and sits on a highly visible corner lot, offering excellent street frontage and exposure. Ample on-site parking is available, accommodating ten or more vehicles, a significant advantage for customers and employees. Previously utilized as a gas station and convenience store, the interior features existing stationary freezers and coolers, along with a large service counter. These fixtures can be easily removed to create a flexible and expansive open floor plan, ideal for a wide range of commercial ventures. The 0.18-acre lot provides ample space for outdoor activities or expansion. Priced affordably at $99,000, this property represents an unparalleled chance to establish a thriving business in a vibrant downtown location. The combination of size, location, and parking makes this a rare find in the Hibbing market. Don't miss this exceptional opportunity to own a piece of Hibbing's thriving commercial landscape. Schedule a viewing today.

    Property Features for 2202 1St Ave

    General Information

    Property type
    Investment properties
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Calumet Gas Station Short Stop Convenience Store LibertyX Bitcoin ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hibbing
    County
    St. Louis County
    State
    Minnesota
    Longitude
    -92.94141
    Latitude
    47.42494

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    FAQs

    What type of property is this?
    Investment property - Prime Corner Lot, 1960 sq ft, Huge Potential
    Where is this investment property located?
    The property is located at 2202 1St Ave Hibbing, MN.
    What is the asking price?
    The asking price for this property is $99,000.
    (218) 263-8877
    Request Owner's contact information
    2202 1St Ave Hibbing, MN 55746
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    Hibbing, MN 55746
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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
    2202 1St Ave Hibbing, MN 55746
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