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Entertainment Venue with Arcade Games

112 E Howard Street, Hibbing, MN 55746

For Sale
New
$315,000

COMMERCIAL/INDUSTRIAL, Hibbing, MN

Property SizeContact for details
Days on Market3

Property Features for 112 E Howard Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMM
Lot features Downtown Area
Subdivision Hibbing
Standard status Active

Tenancy & Operations

Currently Operating Yes
Business Included Yes

Utilities

Heating system Electric (Heating), Forced Air
Cooling system Window Unit(s), Ceiling Fan(s)
Listing Agency: Johnson Hometown Realty
Listed By: Rena Freeman
Added: Nov 10 Changed: Nov 11 Last Checked: Nov 12 at 8:06AM
MLS# 150927

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.

Rey
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Investment Insights

Based on property information with market context.

The Iron House entertainment business and its commercial building are offered together in downtown Hibbing. On-site activities include axe throwing, arcade games, pool, darts, shuffleboard, foosball, and pinball. The building has electric forced-air heating, window-unit cooling, and ceiling fans.

The property is zoned COMM. The second and third floors are identified as areas for potential expansion, and holiday and graduation parties are scheduled for 2027.

Key Highlights

  • Established entertainment business and commercial building offered together
  • Activities include axe throwing, arcade games, pool, darts, shuffleboard, foosball, and pinball
  • Potential to expand into the second and third floors

Property Analytics

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Current Use

The Iron House Theater & Performing Art Venue Carpet Plaza General Contractor

Suggested Use

Top Pick Parking Lot & Garage Pharmacy Furniture & Home Goods Barber Shop (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

636
Businesses Nearby
Under-served
Demand for This Use

Demographics for 55746, MN

17,071
Population
8,999
Households
1.9
Avg Household Size
43
Median Age
19%
College-Educated
93%
High-School Grad
347.0 sq mi
ZIP Area
49
Density / Sq Mi
$55,694
Median Household Income
$38,268
Median Earnings
$739
Median Rent
$127,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Sports & entertainment property - The sale includes an established entertainment business and its commercial building in downtown Hibbing.
Where is this sports & entertainment property located?
The property is located at 112 E Howard Street Hibbing, MN.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Established entertainment business and commercial building offered together; Activities include axe throwing, arcade games, pool, darts, shuffleboard, foosball, and pinball; Potential to expand into the second and third floors
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