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    4891 Miller Trunk Hwy Hermantown, MN 55811

    Sponsored
    For Sale
    $1,300,000

    Hermantown Office Complex - High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional mixed-use investment opportunity, the Woodridge Professional Center, presents a 7,688 square foot building situated on a 2.3-acre lot in Hermantown, Minnesota. Built in 1955, this two-story structure boasts a prime location on Miller Trunk Highway, benefiting from extraordinary visibility and high traffic counts—19,200 vehicles daily (2021 data). The property's convenient location is further enhanced by its proximity to Duluth International Airport (less than half a mile). The property features a multi-tenant occupancy, including a lot lease to an auto dealer and a shed dealership. Cross easements ensure easy access to a controlled intersection. The property is professionally managed and zoned for commercial use. The asking price is $1,300,000. The property includes multiple APNs: 395-0010-03356, 395-0015-00022, 395-0015-00020, and 395-0015-00010. This versatile property is suitable for a variety of office uses, including creative, medical, and traditional office spaces, making it an attractive investment for discerning buyers. The lease type is modified, and the property is categorized as a mixed-use office building.

    Property Features for 4891 Miller Trunk Hwy

    General Information

    Property type
    Medical offices
    Lot Size
    100,188 SF

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hermantown
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.1943684
    Latitude
    46.8273605

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    FAQs

    What type of property is this?
    Medical office - Hermantown Office Complex - High Visibility
    Where is this medical office located?
    The property is located at 4891 Miller Trunk Hwy Hermantown, MN.
    What is the asking price?
    The asking price for this property is $1,300,000.
    Request Owner's contact information
    4891 Miller Trunk Hwy Hermantown, MN 55811
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4891 Miller Trunk Hwy Hermantown, MN 55811
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