Manufacturing Building with Shop
For Sale
$435,000
1270 4th Ave SW, Chisholm, MN 55719
COMMERCIAL, Chisholm, MN
Property Size7,600 SF
Lot Size3.10 Acres
Price / SF$56.92
Days on Market141
Property Features for 1270 4th Ave SW
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
HWY 169 to Chisholm, go north on West Rd, then west on Iron Drive to north on 4th Ave SW. Property on east side of 4th Ave SW.
Subdivision
LSAR
Standard status
Active
Size
7,642 SF
Lot size
3.10 Acres
Additional Details
Property Use
Shop
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2910
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1984
Number of units
1
Roof type
Shingle
Buildings
1
Listing Agency:
Sunrise Real Estate, LLC
Listed By:
Mike Dodge
(218) 341-0645
Added: Jun 10
Changed: Oct 27
Last Checked: Oct 28 at 4:06AM
MLS# 6120602
Copyright © 2026 Lake Superior 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.
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Investment Insights
Based on property information with market context.
This manufacturing property includes 7,642 square feet of building area on 3.1 acres, with a combination of heated and unheated shop space. The west shop measures 40 x 80 feet and has a 16 x 16-foot overhead door, 20-foot ceilings, and interior iron for a hoist system. A wall may be opened to connect it with the southeast shop, which measures 30 x 40 feet plus and includes a 14 x 14-foot door, ceilings exceeding 16 feet, insulation, an overhead hoist, and three-phase power. The east shop measures 60 x 40 feet plus a 32 x 28-foot north section, with a 12 x 12-foot overhead door, 13-foot ceilings in the main area, insulation, and heat.
The property is positioned along Highway 169 and Iron Drive in Chisholm, with an open site that provides substantial laydown space. Grounds and parking areas are maintained, while the roof, structural panels, and wood exterior are also described as well maintained. The building dates to 1984 and is heated by forced air using natural gas.
The property is positioned along Highway 169 and Iron Drive in Chisholm, with an open site that provides substantial laydown space. Grounds and parking areas are maintained, while the roof, structural panels, and wood exterior are also described as well maintained. The building dates to 1984 and is heated by forced air using natural gas.
Key Highlights
- 3.1‑acre industrial site with 7,642 square feet of building area
- West shop: 40 x 80 feet, 16 x 16‑foot overhead door, and 20‑foot ceilings
- Southeast shop: 30 x 40 feet plus, 14 x 14‑foot door, overhead hoist, and three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,705
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,100
$734.1K
Cap Rate 7%
$524,357
$524.4K
Cap Rate 9%
$407,833
$407.8K
Market Conditions
NOI Build-Up for 7,642 SF
Gross rent
$44.9K $5.88/SF
− Vacancy
−$1.8K −$0.23/SF
EGI
$43.2K $5.65/SF
− OpEx
−$6.5K −$0.85/SF
NOI
$36.7K $4.80/SF
Area
St. Louis County, MN
Vacancy
3.90%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,100
Cap Rate 7%
$524,357
Cap Rate 9%
$407,833
Alternative Uses
Best Use
Flex RnD
$2.57M
$2.25M – $3.00M
NOI $179,843 @ 7.0% cap · market cap 41.34%
Second Best
Warehouse
$524.4K
$458.8K – $611.8K
NOI $36,705 @ 7.0% cap · market cap 8.44%
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.46M
NOI $207,511 @ 7.0% cap · market cap 47.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 55719, MN
5,668
Population
2,568
Households
2.2
Avg Household Size
43
Median Age
16%
College-Educated
93%
High-School Grad
84.3 sq mi
ZIP Area
67
Density / Sq Mi
$63,497
Median Household Income
$38,045
Median Earnings
$784
Median Rent
$121,200
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Expansive industrial site with heated and unheated work areas, overhead doors, hoist systems, and three-phase power.
Where is this manufacturing property located?
The property is located at 1270 4th Ave SW Chisholm, MN.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 3.1‑acre industrial site with 7,642 square feet of building area; West shop: 40 x 80 feet, 16 x 16‑foot overhead door, and 20‑foot ceilings; Southeast shop: 30 x 40 feet plus, 14 x 14‑foot door, overhead hoist, and three‑phase power
