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    Chisholm, MN Keewatin, MN Nashwauk, MN Buhl, MN Iron, MN Pengilly, MN Goodland, MN Zim, MN
    Two-Suite Office Building
    Updated: Jun 15
    Two-Suite Office Building

    1406 E 40TH ST, Hibbing, MN 55746

    $425,000
    Two separate office suites with private offices and open work areas
    Updated HVAC, electrical systems, and restrooms
    Commercial zoning designation
    On‑site parking with access near major routes
    Concrete construction with a metal roof
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Hibbing, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Mixed-Use Building with Attached Garage
    Mixed-Use Building with Attached Garage

    602 Main St, Tower, MN 55790

    $290,000
    4,460 sqft

    Multi-level commercial property with leased ground-floor bar and liquor store space, city offices, storage, and additional parking land.

    View details
    Updated Office Building
    Updated Office Building

    1404 NW 4th Street, Grand Rapids, MN 55744

    $290,000
    0.49 AC lot

    Multi-level office property with reception, private offices, conference space, kitchen, storage, and on-site parking.

    View details
    Drive-In Office/Retail Building
    Drive-In Office/Retail Building

    225 SE 21st St, Grand Rapids, MN 55744

    Contact for pricing
    12,620 sqft

    Building includes an elevator, drive-in door/garage, and lighted parking along the Hwy 169 retail corridor.

    View details
    Mixed-Use Property with Attached Garage
    Mixed-Use Property with Attached Garage

    602 Main Street, Tower, MN 55790

    $290,000

    Three-level commercial building with leased bar and liquor store space, city offices, basement storage, and supplemental parking.

    View details

    Hibbing, MN Office Buildings Market Trends and Statistics

    Explore 1 office buildings for sale in Hibbing, MN on our real estate platform.

    Sale prices for office properties in Hibbing, MN average $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

    Office buildings 1
    Office Units 1

    Demographics Overview

    Population 17K
    Population Growth (5Y) -0.4%
    Median Household Income $55,694
    College Educated 12.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    55746 $300K

    Taxes & Financing

    Tax Rate (average for all types) 2.29%
    Property Tax per SF $21.11 per SF
    Tax Rate vs County Average 0.29 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)

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