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    5480 Miller Trunk Hwy Hermantown, MN 55811

    Sponsored
    For Sale
    $249,000

    Prime location, high visibility, multiple uses.

    Property size:
    1,294 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional commercial property, located at 5480 Miller Trunk Highway in Hermantown, Minnesota, presents a unique investment opportunity. Boasting 1,294 square feet on a 0.94-acre lot, this property benefits from an unparalleled location with an estimated 9 million cars passing annually. The high traffic count ensures maximum visibility and accessibility for any business. Currently configured as a solid building ready for immediate occupancy, the property is ideally suited for a diverse range of commercial ventures, including but not limited to insurance agencies, dispensaries, or financial services. The existing structure provides a strong foundation for a new business, eliminating the need for extensive renovations. The property's versatility makes it an attractive option for entrepreneurs seeking a high-traffic location with significant potential for growth. Furthermore, there is the possibility of acquiring additional acreage, expanding the property's footprint to meet future needs. Quick possession is a distinct advantage, allowing for a swift and efficient transition into operations. This is a rare opportunity to secure a prime commercial location in a thriving Hermantown market. Don't miss out on this exceptional chance to establish your business in a high-visibility, high-traffic area. The property is priced at $249,000.

    Property Features for 5480 Miller Trunk Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,294 SF
    Lot Size
    40,946 SF

    Building Details

    Year Built
    1956
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Wholesale Shop Building Supply Hair Salon Auto Parts Store Auto Repair Shop HVAC Service Garden Center Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hermantown
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.25648
    Latitude
    46.84274

    Nearby Comparable

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, high visibility, multiple uses.
    Where is this commercial real estate located?
    The property is located at 5480 Miller Trunk Hwy Hermantown, MN.
    What is the asking price?
    The asking price for this property is $249,000.
    (218) 722-8736
    Request Owner's contact information
    5480 Miller Trunk Hwy Hermantown, MN 55811
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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
    5480 Miller Trunk Hwy Hermantown, MN 55811
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