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    4891 Miller Trunk Hwy Hermantown, MN 55811

    Sponsored
    For Lease
    $16 SF/Yr ($10,865 /Mo)

    St. Louis County medical office space available

    Lot size:
    7,688 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,173 square foot medical/traditional office space is located in the Woodridge Professional Center, Suite 100, in the Hermantown submarket of St. Louis County. The building, constructed in 1955, is a two-story structure totaling 7,688 square feet and features a single building with multiple tenants. Currently, 1,173 square feet are available for lease. The property boasts extraordinary access and visibility, a significant advantage for any business. Its convenient location is only a half-mile from the Duluth International Airport, ensuring easy access for clients and employees. The building benefits from a controlled intersection, enhancing visibility and accessibility. Lease terms are flexible, offering options for 3-5 year agreements at competitive rates. The lease is a modified gross lease, with tenants responsible for a proportionate share of electricity costs. Ample free parking is provided for tenants and their clients. This presents a unique opportunity for businesses seeking a well-located, accessible, and attractively priced office space in a thriving area. The property is ideal for medical practices or other professional services.

    Property Features for 4891 Miller Trunk Hwy

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,688 SF
    Total Rate
    10865.71

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1Suite 100
    Size
    1,173 SF
    Rate per SF
    $16

    HighLights

    • 7,688 SF medical/traditional office building in St. Louis County's Hermantown submarket.
    • 1,173 SF of vacant space available for lease.
    • Two‑story building constructed in 1955.
    • Multiple tenants.
    • Modified gross lease with tenant paying a proportionate share of electricity.
    • Free parking.
    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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    Nearby Similar for Lease

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      Hermantown Office/Warehouse Space Available

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    • $20 SF/Yr
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      Hermantown Office Space For Rent

      Office space available in Hermantown with great visibility.
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    FAQs

    What type of property is this?
    Medical office - St. Louis County medical office space available
    Where is this medical office located?
    The property is located at 4891 Miller Trunk Hwy Hermantown, MN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 7,688 SF medical/traditional office building in St. Louis County's Hermantown submarket.; 1,173 SF of vacant space available for lease.; Two-story building constructed in 1955.
    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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