Leased Office
New
For Sale
$375,000
8878 Main St Mtn, Iron, MN 55768
COMMERCIAL - Mtn Iron, MN
Property Size7,050 SF
Price / SF$53.19
Days on Market3
Property Features for 8878 Main St Mtn
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
comme
Lot features
Downtown Area
Subdivision
Mt. Iron-Buhl/Kinney
Standard status
Active
Utilities
Heating system
Propane (Heating), Forced Air
Cooling system
Central Air
Building Details
Building materials
Wood Frame
Roof type
Asphalt
Listing Agency:
z' Up North Realty
(218) 827-2288
Listed By:
Andrea Zupancich
(218) 827-2288
Added: Aug 17
Last Checked: Aug 19 at 3:06PM
MLS# 150544
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Investment Insights
Based on property information with market context.
This office property at 8878 Main St includes 7,050 square feet across two levels. The upper floor offers four private offices, five cubicle workstations, a conference room, and two bathrooms. The street level adds three offices, four additional cubicle positions, a copier room, storage areas, equipment lockers, and another bathroom. Construction is wood frame, with forced-air propane heating and central air conditioning.
A separate 2,400-square-foot, five-stall garage is also part of the property and leased to the same company. The existing office and garage occupancy is supported by a three-year lease, with the occupant responsible for rent, utilities, insurance, and taxes. The tenant has indicated openness to extending the lease by an additional year.
A separate 2,400-square-foot, five-stall garage is also part of the property and leased to the same company. The existing office and garage occupancy is supported by a three-year lease, with the occupant responsible for rent, utilities, insurance, and taxes. The tenant has indicated openness to extending the lease by an additional year.
Key Highlights
- 7,050‑square‑foot office building at 8878 Main St
- Upper level includes 4 offices, 5 cubicle workspaces, a conference room, and 2 bathrooms
- Street level provides 3 private offices and workspace for 4 cubicles
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Utilities to site
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-level office property with established occupancy and a separate leased garage facility.
Where is this office building located?
The property is located at 8878 Main St Mtn 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 at 8878 Main St; Upper level includes 4 offices, 5 cubicle workspaces, a conference room, and 2 bathrooms; Street level provides 3 private offices and workspace for 4 cubicles
