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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 Market2

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 Last Checked: Nov 11 at 3:06AM
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 at 112 E Howard Street in downtown Hibbing. Activities at the venue include axe throwing, arcade games, pool, darts, shuffleboard, foosball, and pinball. The building is zoned COMM and has electric and forced-air heating, with window-unit cooling and ceiling fans.

The second and third floors are identified as areas with potential for expansion. Building access requires a signed confidentiality agreement.

Key Highlights

  • Sale includes the Iron House entertainment business and its commercial building
  • On‑site activities include axe throwing, arcade games, pool, darts, shuffleboard, foosball, and pinball
  • Second and third floors offer potential for expansion

Property Analytics

Who owns this building? See the owner, sales and loan history
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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
12k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Holiday Station Store Shops & Services
5,285 visits/mo 0.1 miles
Wells Fargo Shops & Services
4,003 visits/mo 0.3 miles
U.S. Bank Shops & Services
2,854 visits/mo 0.1 miles
Carquest Auto Parts Shops & Services
303 visits/mo 0.1 miles

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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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Sports & entertainment property - The sale includes the operating entertainment business alongside its commercial building.
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: Sale includes the Iron House entertainment business and its commercial building; On‑site activities include axe throwing, arcade games, pool, darts, shuffleboard, foosball, and pinball; Second and third floors offer potential for expansion
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