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Leased Office Building with Garage
For Sale
$325,000

8878 Main St Mtn, Iron, MN 55768

COMMERCIAL/INDUSTRIAL, Mtn Iron, MN

Property SizeContact for details
Days on Market50

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

Amenities

conference room
copier room
storage room

Building Details

Building materials Wood Frame
Roof type Asphalt
Listing Agency: z' Up North Realty
Listed By: Andrea Zupancich · License #40149923
Added: Aug 17 Changed: Sep 23 Last Checked: Oct 5 at 5:06PM
MLS# 150544

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.

Investment Insights

Based on property information with market context.

This 7,050 sq ft office building provides a multi-level configuration with private offices, cubicle work areas, conference space, bathrooms, storage, and support rooms. The upper level includes 4 individual offices, 5 workspaces with cubicles, a conference room, and 2 bathrooms. The street level adds 3 private offices, room for 4 cubicles, a copier room, storage room, bathroom, lockers, and equipment storage. The property uses wood-frame construction with propane forced-air heating and central air conditioning.

A 2,400 sq ft, 5-stall garage is included and leased to the same company occupying the office building. The existing renter is in place for 3 years and covers rent, utilities, insurance, and taxes under the current arrangement. The property is located at 8878 Main St in Mtn Iron, Minnesota.

Key Highlights

  • 7,050 sq ft office building with multi‑level workspace
  • Tenant in place for 3 years
  • Upper level includes 4 offices, 5 cubicle workspaces, conference room, and 2 bathrooms

Property Analytics

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Current Use

Office buildings

Lease Details

1
Office units
Single-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

35
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Occupied office property offers private offices, work areas, conference space, and a leased garage.
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 $325,000.
What are key features of this property?
This property features: 7,050 sq ft office building with multi‑level workspace; Tenant in place for 3 years; Upper level includes 4 offices, 5 cubicle workspaces, conference room, and 2 bathrooms
More about this property
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