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    5468 Miller Trunk Hwy Hermantown, MN 55811

    Sponsored
    For Sale
    $499,000

    6.49 Acres, High Traffic, Hwy 53 Frontage

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 6.49-acre commercial parcel presents a prime opportunity for discerning investors and business owners. Strategically located on Highway 53 in Hermantown, Minnesota, this property boasts unparalleled visibility and accessibility, with a daily traffic count exceeding 25,000 vehicles. The elevated terrain ensures excellent sightlines and prominence. Two convenient access driveways are already in place, simplifying development and operational logistics. The property currently utilizes a well water system, while city services are readily available at the roadside. A septic system will need to be installed by the future owner. This expansive lot offers significant potential for a wide range of commercial ventures, capitalizing on its high-traffic location and substantial acreage. The possibilities are vast, from retail establishments and restaurants to light industrial uses and more. Its prime location and existing infrastructure make this a truly exceptional opportunity to establish a thriving business in a high-growth area. Don't miss this chance to secure a prominent position on one of the region's busiest thoroughfares. Contact us today to explore the potential of this remarkable property.

    Property Features for 5468 Miller Trunk Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    282,704 SF

    Building Details

    Year Built
    1992
    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 Cafe & Coffee Shop Garden Center

    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
    -92.25455
    Latitude
    46.84177

    Nearby Comparable

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      5480 Miller Trunk Hwy, Hermantown, MN 55811
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      Versatile Property in Prime Location

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      High-Traffic Hermantown Commercial Site

      Prime location, high visibility, multiple uses.
      5480 Miller Trunk Hwy, Hermantown, MN 55811
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    • $1,200,000
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      High-Visibility Commercial Land, Hermantown

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    • $64,900
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    FAQs

    What type of property is this?
    Commercial real estate - 6.49 Acres, High Traffic, Hwy 53 Frontage
    Where is this commercial real estate located?
    The property is located at 5468 Miller Trunk Hwy Hermantown, MN.
    What is the asking price?
    The asking price for this property is $499,000.
    (218) 722-8736
    Request Owner's contact information
    5468 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
    5468 Miller Trunk Hwy Hermantown, MN 55811
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