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    OFF-MARKET
    Land

    42xx Stebner Rd, Hermantown, MN 55811

    1 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 1 ac (43,560 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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