105 9Th Ave Hibbing, MN 55746
This exceptional 2,563 square foot retail space presents a remarkable opportunity for businesses seeking high visibility and substantial foot traffic. Located at 105 9th Avenue West in Hibbing, Minnesota, this property sits within The Marketplace, a premier retail center known for its attractive aesthetic and convenient location. The Marketplace enjoys a strategic position along the heavily trafficked Highway 169 corridor, placing your business in close proximity to major retailers such as Super Walmart and Lowe's, creating a synergistic environment that benefits all tenants. This prime location ensures maximum exposure to a large customer base, driving significant potential for growth and success. The property is ideal for a variety of retail, office-service, or restaurant businesses seeking to establish or expand their presence in the thriving Hibbing business community. The building offers ample space for a wide range of business configurations, allowing for customization to meet specific operational needs. This is a rare opportunity to secure a highly desirable retail space in a bustling commercial center, offering unparalleled access to a large and established customer base. Don't miss out on this chance to capitalize on the vibrant energy and strong economic growth of Hibbing. The asking price is $12 million.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.