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    Babbitt, MN
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    Babbitt, MN Multifamily Properties for Sale

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    Embarrass, MN Isabella, MN Ely, MN
    Updated Four-Plex with Detached Garages
    Updated: Jun 18
    Updated Four-Plex with Detached Garages

    12 Linney St, Babbitt, MN 55706

    $425,000
    3,460 sqft
    4‑plex built in 1977 with a mix of bedroom and bathroom rooms
    Detached garages plus parking lot parking included
    Recent exterior and major updates include new roof on both buildings, new siding, and fresh paint
    Heating includes electric and natural gas forced air; cooling includes window units and ceiling fans
    Patio and deck features, plus a detached garage
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in Babbitt, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Coffee & Wine Bar Building
    Turnkey Coffee & Wine Bar Building

    2 W Sheridan St, Ely, MN 55731

    $979,000
    4,350 sqft

    Turnkey operation with a roasting room, commercial kitchen, and two 1-bedroom units above the storefront.

    View details
    RV Resort Co-Op Lot
    RV Resort Co-Op Lot

    TBD 6 Lake Ave S, Tower, MN 55790

    $49,900
    0.05 AC lot

    Cooperative RV lot with on-site water, sewer, power, and a boat slip for access to Lake Vermilion.

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    Co-op RV Park Interest
    Co-op RV Park Interest

    TBD #15 Lake Ave, Tower, MN 55790

    $49,000
    0.04 AC lot

    Purchase an undivided co-op interest with access to a boat slip and nearby channel docks.

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    Mixed-Use Building in Downtown Ely
    Mixed-Use Building in Downtown Ely

    216 E Sheridan St, Ely, MN

    $390,000
    8,078 sqft · 0.14 AC lot

    Two-story building with restaurant and four apartments in Ely.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Development Land Off Freeway
    Development Land Off Freeway

    101 Morris Avenue, Hinckley, MN 55037

    $799,000
    9.20 AC lot

    Multi-purpose acreage near the freeway offers flexibility for a range of development concepts.

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    Aitkin Lots & Land
    Aitkin Lots & Land

    L 3&4 B3 London Town, Aitkin, MN 56431

    Contact for pricing
    0.14 AC lot

    Double lot in Sherwood Forest with shared amenities.

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    Residential Land in Lakes Country
    Residential Land in Lakes Country

    30371 Old Sunset Drive, Laporte, MN 56461

    $109,900
    10.00 AC lot

    10 acres near lakes with well, septic, and electric.

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    Land for Multi-Family Housing
    Land for Multi-Family Housing

    1610 7th Avenue E, Alexandria, MN 56308

    $249,900
    2.16 AC lot

    2.16 acre lot zoned for multi-family housing development.

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    Off-Market Properties in Babbitt, MN

    Consider similar Off-Market properties in Babbitt, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    101 Central Blvd
    APARTMENT HOUSE (5+ UNITS)

    101 Central Blvd, Babbitt, MN 55706-1251

    Value Estimation by Request
    13,614 sqft · 1.12 AC lot
    View details
    1 Central Blvd
    APARTMENT HOUSE (5+ UNITS)

    1 Central Blvd, Babbitt, MN 55706-1144

    $1,675,000
    Estimated value
    22,504 sqft · 8.13 AC lot
    View details

    Babbitt, MN Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Babbitt, MN on our real estate platform. These investment opportunities span a total of 3,460 square feet of properties for sale, with an estimated market value of $425,000.

    Sale prices for multifamily properties in Babbitt, MN start at $425,000, averaging $425,000, and reaching up to $425,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Quadplexes 1

    Demographics Overview

    Population 1,827
    Population Growth (5Y) +13.3%
    Median Household Income $60,096
    College Educated 30.1%

    High-Yield Neighborhoods for Investment

    Identify Babbitt submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55706 $425K

    Taxes & Financing

    Tax Rate (average for all types) 2.18%
    Property Tax per SF $44.35 per SF
    Tax Rate vs County Average 0.41 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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