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Renovated Retail Shopping Center
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990 W 41st St, Hibbing, MN 55746

Shopping center available for rent, with over $1 million in renovations including a new roof and parking lot.

Space Size88,842 SF
Days on Market2622

Property Features for 990 W 41st St

General Information

Standard status Active
Size 88,842 SF
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 990 W 41st St
Irongate Plaza Retail Space for Lease $5 – $7/SF/Yr
Floor 1
Size 88,842 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, COE
Sublease No
Investing in the Future! Over $1 Million in renovations including new roof and parking lot! This Prime Location will now be positioned for the retail corridor that attracted other major national retailers! Take advantage of Great Rates, Renovations, and Prime Location and Visibility!!
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Listing Agency: Greg Follmer Commercial Real Estate
Listed By: Greg Follmer · License #27078
Source: Moodyscre
Added: Aug 27, 2019 Changed: Oct 25 Last Checked: Oct 30 at 11:16AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greg Follmer Commercial Real Estate

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Investment Insights

Based on property information with market context.

A retail shopping center available for rent, currently undergoing significant improvements totaling over $1 million. Reported renovations include a new roof and parking lot, supporting refreshed exterior condition and updated site readiness for tenants and customers.

The property is located at 990 W 41st St in Hibbing, Minnesota, and is positioned to serve retail demand within its surrounding retail corridor. The offering highlights updated facilities and ongoing improvements aimed at enhancing the property’s day-to-day appearance and functionality for retail operations.

Key Highlights

  • Shopping center available for rent
  • Over $1 million in renovations, including a new roof
  • Renovations include a new parking lot

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Iron Range Computer ... Tech Support Center Irongate Business Service Center Silver Birch Gift ... (Bike/Boat/Book/etc) Store Hibbing VA Clinic Medical Clinic Matuszak Tami J Physician

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm Pharmacy Electrical Service

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

160
Businesses Nearby
96k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Superstores 47% Dining 19% Shops & Services 14% Home Improvements & Furnishings 14%
Walmart Superstores
45,104 visits/mo 0.2 miles
Lowe's Home Improvements & Furnishings
13,466 visits/mo 0.3 miles
Caribou Coffee Dining
10,870 visits/mo 0.3 miles
Dollar Tree Shops & Services
9,252 visits/mo 0.4 miles
Erbert & Gerbert's Dining
4,990 visits/mo 0.3 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

Similar Off Market Nearby

  • Coinstar Kiosk | Bitcoin ATM — 12080 US-169 W, Hibbing, MN 55746

Frequently Asked Questions

What type of property is this?
Shopping center - Shopping center available for rent, with over $1 million in renovations including a new roof and parking lot.
Where is this shopping center located?
The property is located at 990 W 41st St Hibbing, MN.
What are key features of this property?
This property features: Shopping center available for rent; Over $1 million in renovations, including a new roof; Renovations include a new parking lot
(218) 310-0013 · Office Call to check price and availability
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