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Manufacturing Facility with Cold Storage
For Sale
$1,500,000

4097 Hwy 53, Eveleth, MN 55734

COMMERCIAL/INDUSTRIAL, Eveleth, MN

Property SizeContact for details
Days on Market176

Property Features for 4097 Hwy 53

General Information

Property type Commercial Sale
Property subtype Other
Zoning COM
Subdivision Eveleth/Gilbert/McKinley
Standard status Active

Utilities

Heating system Hot Water(Heating), Natural Gas, Electric (Heating)

Amenities

break room
conference room

Building Details

Building materials Steel Frame, Pole Bldg
Roof type Metal
Listing Agency: Next Door Realty
Listed By: Norma Jean Jofs · License #40713911
Added: Apr 6 Changed: Sep 16 Last Checked: Sep 28 at 6:06AM
MLS# 146365

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.

This manufacturing property includes multiple steel-frame and pole buildings designed for industrial operations. The newer 125-by-240-foot building offers ceiling heights reaching 25 feet, several overhead doors, and substantial open work area. A second building provides ceiling heights up to 16 feet, finished offices, a break room, a conference room, inventory area, and approximately 60-by-220 feet of cold storage.

The 6-plus-acre property is located along Hwy 53 in Eveleth, Minnesota. Site infrastructure includes city sewer and a private well, while heating is provided by natural gas, electric, and hot water systems. Metal roofing supports the existing building improvements, which were previously used for manufacturing wood products and can accommodate continued industrial or warehouse operations.

Key Highlights

  • 6+ acres along Hwy 53 in Eveleth, MN
  • 125x240ft newer building with ceiling heights up to 25ft
  • Second building with ceiling heights up to 16ft

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Electronics & Wireless 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

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

7
Businesses Nearby

Demographics for 55734, MN

5,964
Population
3,516
Households
1.7
Avg Household Size
46
Median Age
25%
College-Educated
96%
High-School Grad
78.2 sq mi
ZIP Area
76
Density / Sq Mi
$65,750
Median Household Income
$47,015
Median Earnings
$851
Median Rent
$143,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Manufacturing property - Industrial improvements offer production, warehouse, office, and refrigerated storage capabilities with municipal sewer and a private well.
Where is this manufacturing property located?
The property is located at 4097 Hwy 53 Eveleth, MN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6+ acres along Hwy 53 in Eveleth, MN; 125x240ft newer building with ceiling heights up to 25ft; Second building with ceiling heights up to 16ft
More about this property
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