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Manufacturing Property with Shop

4111 Highway 53, Eveleth, MN 55734

For Sale
New
$650,000

COMMERCIAL/INDUSTRIAL, Eveleth, MN

Property SizeContact for details
Days on Market1

Property Features for 4111 Highway 53

General Information

Property type Commercial Sale
Property subtype Other
Zoning L1-10
Subdivision Rural N of Hwy 169 - 135
Standard status Active

Tenancy & Operations

Currently Operating Yes
Business Included Yes

Additional Details

Property Use Welding and Fabrication

Utilities

Heating system Electric (Heating)

Building Details

Building materials Steel Frame
Listing Agency: Culbert Realty
Listed By: Nicole Culbert-Dahl
Added: Nov 13 Last Checked: Nov 13 at 11:06PM
MLS# 150939

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.

Rey
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Investment Insights

Based on property information with market context.

This manufacturing property comprises two parcels totaling more than 21 acres along Highway 53 in Eveleth. One parcel contains an operating welding and fabrication business in a shop with overhead doors and office space. Most of the existing inventory and equipment is included, such as a plasma table, Webb equipment, plate roll, multiple welders, a 225 generator, and a substantial steel supply.

The second, larger parcel is level and has an electrical hookup. A septic system was installed approximately five years ago. The property is zoned L1-10.

Key Highlights

  • Two parcels totaling more than 21 acres along Highway 53
  • Operating welding and fabrication business with shop and office space
  • Shop has overhead doors

Property Analytics

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

Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

8
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

Frequently Asked Questions

What type of property is this?
Manufacturing property - An active welding and fabrication operation occupies a shop with overhead doors and office space.
Where is this manufacturing property located?
The property is located at 4111 Highway 53 Eveleth, MN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two parcels totaling more than 21 acres along Highway 53; Operating welding and fabrication business with shop and office space; Shop has overhead doors
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