Modern Office Building with Two
For Sale
$425,000
1406 E 40TH ST, Hibbing, MN 55746
COMMERCIAL - Hibbing, MN
Days on Market47
Property Features for 1406 E 40TH ST
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Lot features
Subdivided Bldg.
Subdivision
Hibbing
Standard status
Active
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1960
Building materials
Concrete
Roof type
Metal
Listing Agency:
TR Northern Properties Realty
(218) 741-6350
Listed By:
Todd Toman
(218) 929-3449
Added: Jun 15
Changed: Jul 30
Last Checked: Jul 31 at 9:06PM
MLS# 150135
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Investment Insights
Based on property information with market context.
This well-maintained commercial office building includes two separate, modern office suites. Each suite offers a flexible mix of private offices, open work areas, and reception or waiting space, with ample natural light throughout. The property includes modern updates such as HVAC, electrical, and restrooms, designed to support everyday professional use.
Located in Hibbing, Minnesota at 1406 E 40TH ST, the building provides convenient access for both clients and staff, along with ample parking. The offering is described as having strong visibility and proximity to major routes and local businesses, supporting day-to-day customer and employee travel.
For tenants, the split configuration can accommodate professional services that benefit from an internal reception/waiting area and multiple office rooms. For buyers, the two-suite layout supports options for owner-occupancy with rental income or dual-tenant setups, while the modern systems and restroom improvements help reduce near-term building turnover considerations.
Located in Hibbing, Minnesota at 1406 E 40TH ST, the building provides convenient access for both clients and staff, along with ample parking. The offering is described as having strong visibility and proximity to major routes and local businesses, supporting day-to-day customer and employee travel.
For tenants, the split configuration can accommodate professional services that benefit from an internal reception/waiting area and multiple office rooms. For buyers, the two-suite layout supports options for owner-occupancy with rental income or dual-tenant setups, while the modern systems and restroom improvements help reduce near-term building turnover considerations.
Key Highlights
- Concrete commercial office building with central air and forced‑air natural gas heating
- Built in 1960 with a metal roof
- Two separate office suites, each with flexible space including private offices, open work areas, and reception/waiting areas
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Two separate office suites with modern updates and ample parking support owner-occupant or dual-tenant use.
Where is this office building located?
The property is located at 1406 E 40TH ST Hibbing, MN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Concrete commercial office building with central air and forced‑air natural gas heating; Built in 1960 with a metal roof; Two separate office suites, each with flexible space including private offices, open work areas, and reception/waiting areas
