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Two-Suite Office Building
For Sale
$425,000

1406 E 40TH ST, Hibbing, MN 55746

COMMERCIAL/INDUSTRIAL, Hibbing, MN

Property SizeContact for details
Days on Market93

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 Natural Gas, Forced Air
Cooling system Central Air

Building Details

Year built 1960
Building materials Concrete
Roof type Metal
Listing Agency: TR Northern Properties Realty
Listed By: Todd Toman
Added: Jun 15 Changed: Sep 14 Last Checked: Sep 15 at 12:06AM
MLS# 150135

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.

Investment Insights

Based on property information with market context.

Located at 1406 E 40TH ST in Hibbing, this office property contains two separate suites with private offices, open work areas, reception and waiting areas, and natural light. The building includes updated HVAC, electrical systems, and restrooms, with concrete construction and a metal roof. Heating is provided by forced air and natural gas, while central air serves the property.

Commercial zoning, on-site parking, and access near major routes and local businesses support a range of professional office configurations. The separate suites allow for distinct occupancy arrangements within one building, while the existing layouts provide practical space for office operations and client-facing functions. Constructed in 1960, the property combines established building infrastructure with documented system updates.

Key Highlights

  • Two separate office suites with private offices and open work areas
  • Updated HVAC, electrical systems, and restrooms
  • Commercial zoning designation

Property Analytics

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Current Use

Quirk Chiropractic Clinic Alternative Medicine Practice Abel Chiropractic Alternative Medicine Practice Michael J. Quirk, ... Alternative Medicine Practice InterSat Communications Tv ... Computer & Electronic Repair UniFi North Telecommunications Service

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Nail Salon HVAC Service Dental Office

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

2
Office units

Location Intelligence

Trade Area within ½ mile

150
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Updated building systems, flexible layouts, and on-site parking support professional office 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: Two separate office suites with private offices and open work areas; Updated HVAC, electrical systems, and restrooms; Commercial zoning designation
More about this property
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