5241 Miller Trunk Hwy Hermantown, MN 55811
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4-Acre Commercial Land, High-Traffic Hwy 53
Property Features for 5241 Miller Trunk Hwy
General Information
- Property type
- Land
- Lot Size
- 174,240 SF
Listing Agency: Coldwell Banker Realty Listing Agent: Tommy Archer
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Exceptional investment opportunity: a 4-acre commercial lot in Hermantown, Minnesota, situated on a high-traffic corner of Miller Trunk Highway (Hwy 53). This prime location boasts three convenient access points – two from Hwy 53 and one from Norway Pines Place. The property is zoned General Commercial and features existing on-site utilities, providing immediate infrastructure for development. Currently generating substantial monthly income, approximately $7,500 from a building and $1,250 from a house, this property offers a unique blend of immediate cash flow and significant long-term potential. The high visibility from the busy highway ensures excellent exposure for any commercial venture. The land itself is situated on usable high ground, offering ample space for expansion, storage, or new construction. All measurements and information are believed to be accurate, but buyers are responsible for their own due diligence. The asking price for this exceptional property is $1,200,000. Don't miss this chance to secure a thriving commercial property in a prime location.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Hermantown
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.2329137
- Latitude
- 46.837086
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FAQs
What type of property is this?
Land - 4-Acre Commercial Land, High-Traffic Hwy 53
Where is this land located?
The property is located at 5241 Miller Trunk Hwy Hermantown, MN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4-acre commercial lot situated on a high-traffic corner lot at Miller Trunk Highway (Hwy 53).; Generates approximately $8,750 monthly income from existing building and house.; Zoned General Commercial with on-site utilities and three access points.