Building Details

Buildings 1

Tenancy Multi

Listing Agency: Marcus & Millichap - Indianapolis n***@marcusmillichap.com Show Phone

Listed By: Nathan Whalen · License #IN AB21402364

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Apr 11 at 11:38PM

Report an Issue

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 Marcus & Millichap - Indianapolis

Investment Insights

Based on property information with market context.

This 11,500-square-foot retail center contains three tenant spaces on 1.92 acres in Mountain Iron, Minnesota. The property is fully occupied and stabilized, with Maurices, Famous Footwear, and Great Clips comprising the tenant roster. All three leases are structured as triple net, limiting landlord responsibilities. Maurices and Famous Footwear each have more than five years remaining on their leases, while Great Clips has recently extended its term for another five years.

The center is positioned as a Wal-Mart Supercenter outparcel just off Highway 169 and near the Highway 169 and Highway 53 intersection. Thunderbird Mall is less than a mile away, with Target, Menards, Super One Foods, and other national retailers also identified nearby. The property is located at 8580 Rock Ridge Dr, Mountain Iron, MN 55768.

Key Highlights

• 11,500‑square‑foot retail center on 1.92 acres
• Three‑tenant center with Maurices, Famous Footwear, and Great Clips
• Fully occupied and stabilized

Property Analytics

Property Profile

Current Use

Walmart Photo Center (Bike/Boat/Book/etc) Store Walmart Pharmacy Pharmacy Walmart Business Center Electronics & Wireless Store Primo Water Refill ... Big Box & Wholesale Store Walmart Vision & Glasses Ophthalmologist

Suggested Use

Top Pick Real Estate Agency Electrical Service Locksmith Pharmacy Hair Salon Bakery

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

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

78

Businesses Nearby

70k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Superstores 77% Electronics 8% Apparel 8% Beauty & Spa 4%

Walmart Superstores

53,765 visits/mo 0.1 miles

AT&T Electronics

3,563 visits/mo 0.2 miles

maurices Apparel

3,403 visits/mo 0.2 miles

Great Clips Beauty & Spa

3,008 visits/mo 0.2 miles

Comfort Inn & Suites Hotels & Casinos

2,184 visits/mo 0.3 miles

Demographics for 55768, MN

2,878

Population

1,344

Households

2.1

Avg Household Size

47

Median Age

26%

College-Educated

96%

High-School Grad

89.3 sq mi

ZIP Area

32

Density / Sq Mi

$82,261

Median Household Income

$46,397

Median Earnings

$894

Median Rent

$190,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this shopping centers located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar Off Market Nearby

• Coinstar Kiosk | Bitcoin ATM — 8580 Rock Ridge Dr, Mountain Iron, MN 55768

Frequently Asked Questions

What type of property is this?

Shopping center - Fully occupied retail center with triple-net leases and established national tenants near major retail destinations.

Where is this shopping center located?

The property is located at 8580 Rock Ridge Dr Mountain Iron, MN.

What are key features of this property?

This property features: 11,500‑square‑foot retail center on 1.92 acres; Three‑tenant center with Maurices, Famous Footwear, and Great Clips; Fully occupied and stabilized