42xx Stebner Rd, Hermantown, MN 55811
This exceptional 1-acre commercial lot, located at 4894 W Arrowhead Road in Hermantown, Minnesota, presents a unique development opportunity. Priced at $345,000, this property boasts a highly desirable location with excellent visibility and access, situated near the 53 Corridor. The lot is currently zoned for commercial use, having received approval from the City of Hermantown for development. This allows for immediate commencement of construction plans. Utilities are available, although potential buyers should independently verify connections with the City of Hermantown to confirm specifics. The property's address is 4894 W Arrowhead Road, Hermantown, MN 55811, with GPS coordinates of 46.8031881 latitude and -92.1958607 longitude. It's important to note that this is Lot A, and per City of Hermantown regulations, it must be sold before a second, adjacent 1-acre lot (Lot B) becomes available. The sale of Lot A will trigger a zoning change for Lot B. Prospective buyers are strongly encouraged to independently verify all zoning regulations, permitted uses, and utility availability directly with the City of Hermantown to ensure alignment with their development plans. This prime location offers significant potential for a variety of commercial ventures. Don't miss this chance to secure a highly sought-after commercial property in a thriving Minnesota community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.