Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    75+ Acres with River Access Title is generated by Realmo AI

    Hwy 73, Hibbing, MN 55746

    View on Map
    Claim this Listing
    For Sale
    $72,500

    LAND - Hibbing, MN

    Lot size:
    75.88 Acres
    Added:
    Sep 9, 2025
    Days on Market:
    262
    Last Refresh:
    May 28 at 12:06 pm

    Property Features for Hwy 73

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    75.88 Acres

    We can help!

    Listing Contact
    Chad Baucom

    Listing agent Chad Baucom License #40098236

    Listing office Village Realty 2900 E Beltline, Hibbing, MN

    Listing date Sep 9, 2025

    MLS# 148990 Listing URL

    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.

    HighLights

    • Direct access to State ATV Trail.
    • 75+ Acres of land.
    • Excellent location for hunting camp or recreational club.
    • West Swan River meanders across the property.
    • Proximity to nearby lakes.
    • Suitable for use as a drop‑off/pick‑up station for ATVs.

    Overview

    This 75+ acre property is located in Hibbing, MN, and offers direct access to the state ATV trail. The West Swan River meanders across the entire property. The land is suitable for building a hunting camp or snowmobile/ATV club. Its location provides access to nearby lakes and recreational activities. The property could be used as a drop-off/pick-up station for all-terrain vehicles. The lot size is 75.88 acres.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Hibbing
    County
    St. Louis
    State
    Minnesota
    Longitude
    -93.03128
    Latitude
    47.27307

    Nearby Similar for Sale

    • $215,000
      1,344 SF

      Hibbing Commercial Property Near Highway

      Versatile commercial property with high visibility near Hwy 169.
      800 E 40th St, Hibbing, MN 55746
      View Details
    • $145,000

      Commercial Lot in Hibbing, MN

      Commercial land for sale near Highway 169 and Irongate Mall.
      9th Ave W, HIbbing, MN 55746
      View Details
    • $850,000

      Hibbing Car Wash For Sale

      State-of-the-art car wash with self-serve bays and pet wash.
      4019 E 12th Ave, Hibbing, MN 55746
      View Details
    • $79,900

      Versatile Commercial Structure in Hibbing

      Former church with redevelopment potential in the heart of Hibbing.
      2201 2nd Ave E, Hibbing, MN 55746
      View Details
    • $195,000

      Hibbing Commercial Land Opportunity

      Prime commercial land with utilities and road frontage.
      Old Highway 169, Hibbing, MN 55746
      View Details
    • $139,900

      40-Acre Northwoods Retreat Near Hibbing

      Secluded 40-acre property with cabin, ready for recreation.
      4126 Mattson Road, Hibbing, MN 55746
      View Details
    • $17,500

      Hibbing, MN Cleared Lot

      Cleared lot with paved road access near outdoor activities.
      45xx 3rd Ave E, Hibbing, MN 55746
      View Details
    • $49,900

      Hibbing Land for Recreation/Home

      17.38 acres near Hibbing, suitable for recreation or building.
      3120 Hwy 73, Hibbing, MN 55746
      View Details
    • $19,900

      Spacious Double Lot in Hibbing

      Double lot in Hibbing's Mesabi Pines development.
      B1 Mesabi Way lot: 9 & 10, Hibbing, MN 55746
      View Details
    • $149,000

      Commercial Land Near Westside Commons

      Commercial land with frontage near Walmart and Westside Commons.
      Hwy 73, Hibbing, MN 55746
      View Details
    • $16,900

      Residential Land in Hibbing, MN

      Corner lot with mature trees and utilities at the street.
      Meadow Dr, Hibbing, MN 55746
      View Details
    • $300,000

      Secluded 80-Acre Land Parcel

      80 acres with driveway, building site, and hunting potential.
      10XXX Oja Rd, Hibbing, MN 55746
      View Details

    FAQs

    What type of property is this?
    Recreation land - Recreational land with direct access to state ATV trail.
    Where is this recreation land located?
    The property is located at Hwy 73 Hibbing, MN.
    What is the asking price?
    The asking price for this property is $72,500.
    What are key features of this property?
    This property features: Direct access to State ATV Trail.; 75+ Acres of land.; Excellent location for hunting camp or recreational club.
    (218) 966-0783
    We can help!
    Listing Contact
    Chad Baucom
    Real Estate License ID: 40098236
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Hwy 73, Hibbing, MN 55746
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!