Building Details

Year Built 1915

Listing Agency: Edina Realty, Inc. g***@edinarealty.com Show Phone

Listed By: Gregory Hoffman · License #20381267 Show Phone

Source: Juverealestate

Added: Apr 23 Changed: Jul 28 Last Checked: Jul 31 at 12:51PM

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Investment Insights

Based on property information with market context.

Situated in a historic bank building, this live-work property includes an oversized main-floor business area with multiple offices. The main level also features an entry with storefront windows and a bathroom.

Upstairs, there is a large 3-bedroom apartment with hardwood flooring. The unit includes a massive living room/dining area, plus a full bathroom with laundry.

The property is offered for sale and is located at 8880 Main Street in Downtown Mountain Iron.

Key Highlights

• Historical Bank Building built in 1915 in downtown Mt. Iron
• Main floor offers an oversized potential business area with multiple offices
• Main floor entry with storefront windows plus a bathroom

Property Analytics

Current Use

Arrowhead Community Economic ... Food Bank Village Hall Tour Operator

Suggested Use

Top Pick Auto Repair Shop Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

33

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

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this live-work space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Live-work space - Multi-level live-work building offers main-floor office space and an upstairs 3-bedroom apartment.

Where is this live-work space located?

The property is located at 8880 Main Street Mountain Iron, MN.

What is the asking price?

The asking price for this property is $79,000.

What are key features of this property?

This property features: Historical Bank Building built in 1915 in downtown Mt. Iron; Main floor offers an oversized potential business area with multiple offices; Main floor entry with storefront windows plus a bathroom