0 Norway Pne Pl, Hermantown, MN 55811
This exceptional 2.5-acre commercial land parcel presents a remarkable investment opportunity in Hermantown, Minnesota. Strategically located on Norway Pines Place, this property boasts convenient access to key transportation arteries, including the airport, shipping ports, railways, and Interstate 35. The lot is situated at the end of a cul-de-sac on a newer street, ensuring minimal traffic disruption. All essential utilities are readily available at the roadside. This presents a unique chance to develop a commercial venture in a high-growth area. The property's 2.5-acre size offers ample space for a variety of commercial projects. Furthermore, there's potential for expansion, with up to an additional 3.5 acres available for purchase, bringing the total potential acreage to 6 acres. This presents a significant opportunity for larger-scale development. The property is zoned for commercial use and is ready for immediate development. The asking price for this exceptional property is $149,500. The property's address is 45XX Norway Pines PL B1, Hermantown, MN 55811. Don't miss this chance to secure a prime commercial location in a thriving 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.