Office Building with Leased
New
For Sale
$375,000
8878 Main St, Mountain Iron, MN 55768
Existing occupancy includes a tenant covering rent, utilities, insurance, and taxes.
Property Size7,050 SF
Price / SF$53.19
Days on Market7
Property Features for 8878 Main St
General Information
Standard status
Active
Size
7,050 SF
Total Parking Spaces
5
Additional Details
Office Units
1
Building Details
Year Built
1915
Building Size
7,050 SF
Tenancy
Single
Listing Agency:
Z'Up North Realty, Inc.
(218) 827-2288
Listed By:
Andrea Zupancich
Source:
Tayloronken
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 28 at 2:58AM
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 Z'Up North Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 1915, this 7,050-square-foot office property combines upper- and street-level workspace with a separate garage component. The upper level includes four private offices, five cubicle workstations, a conference room, and two bathrooms. The street level adds three offices, room for four additional cubicles, a copier room, storage areas, equipment lockers, and another bathroom.
A five-stall garage provides 2,400 square feet and is leased to the same company occupying the office building. The existing tenant is in place for 3 years and covers rent, utilities, insurance, and taxes. The tenant is also open to adding an additional year to the lease. Property improvements include a new 60 mill flat roof installed in summer 2025 and a steel roof on the garage.
A five-stall garage provides 2,400 square feet and is leased to the same company occupying the office building. The existing tenant is in place for 3 years and covers rent, utilities, insurance, and taxes. The tenant is also open to adding an additional year to the lease. Property improvements include a new 60 mill flat roof installed in summer 2025 and a steel roof on the garage.
Key Highlights
- 7,050‑square‑foot office building constructed in 1915
- Upper level has 4 offices, 5 cubicle workspaces, a conference room, and 2 bathrooms
- Street level includes 3 offices, 4 additional cubicle positions, storage, lockers, and a bathroom
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Existing occupancy includes a tenant covering rent, utilities, insurance, and taxes.
Where is this office building located?
The property is located at 8878 Main St Mountain Iron, MN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 7,050‑square‑foot office building constructed in 1915; Upper level has 4 offices, 5 cubicle workspaces, a conference room, and 2 bathrooms; Street level includes 3 offices, 4 additional cubicle positions, storage, lockers, and a bathroom
