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Highway 53 Industrial Opportunity
For Sale
$1,500,000

4097 Hwy 53 S, Eveleth, MN 55734

6+ acres with multiple buildings suitable for various businesses.

Property SizeContact for details
Lot Size6.00 Acres
Days on Market1057

Property Features for 4097 Hwy 53 S

General Information

Standard status Active
Lot size 6.00 Acres
Property subtype Business Opportunities

Taxes and HOA fees

Annual Taxes $21,294

Amenities

3
1073X353
Loading Dock. US Highway.

Building Details

Year Built 1982
Listing Agency: Next Door Realty
Listed By: Norma Jean Jofs · License #40713911
Source: Xome
Added: Oct 16, 2023 Changed: Sep 1 Last Checked: Sep 5 at 6:06AM

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 Next Door Realty

Investment Insights

Based on property information with market context.

Located on Highway 53, this property features over 6 acres of land with multiple buildings, offering potential for various business endeavors. The newer building, measuring 125x240 feet, has ceiling heights up to 25 feet and multiple overhead doors. It also includes hot water heat and a large working space. The other building has ceiling heights up to 16 feet and features a finished office space with a break room and conference room. There is space for organizing and maintaining inventory, along with a cold storage area measuring approximately 60x220 feet. City sewer and a private well are available on the property. The buildings were previously used for manufacturing wood products but could be converted to an industrial warehouse or adapted to other uses.

Key Highlights

  • 6+ acres on Hwy 53: Prime location for business ventures.
  • Newer 125x240ft building: High ceilings (up to 25ft) and multiple overhead doors for efficient operations.
  • Second building with finished office space: Includes break room and conference room.

Property Analytics

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.

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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Manufacturing property - 6+ acres with multiple buildings suitable for various businesses.
Where is this manufacturing property located?
The property is located at 4097 Hwy 53 S 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 on Hwy 53: Prime location for business ventures.; Newer 125x240ft building: High ceilings (up to 25ft) and multiple overhead doors for efficient operations.; Second building with finished office space: Includes break room and conference room.
More about this property
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