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Property profile & analytics
OFF-MARKET
Land

45xx Norway Pne Pl Hermantown, MN null

3.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.5-acre commercial land parcel, designated Lot B2, presents a remarkable investment opportunity in Hermantown, Minnesota. Strategically located at 45xx Norway Pines Pl B2, this property boasts unparalleled access to key transportation infrastructure, including proximity to the airport, shipping ports, railways, and Interstate 35. The lot is situated on a newer street, offering convenience and modern infrastructure. Essential utilities are readily available at the street, simplifying development plans. The cul-de-sac location provides a quiet and secure setting, ideal for a variety of commercial ventures. This property offers significant potential for businesses seeking a strategic location with easy access to major transportation routes. Furthermore, there's the potential to expand the property size. Up to an additional 2.5 acres are available for purchase, bringing the total potential acreage to 6 acres, providing even greater flexibility and development options. The asking price for this exceptional 3.5-acre parcel is $189,500. Don't miss this chance to secure a prime commercial location in a thriving area.

Property profile
Verified
Property type Land
Lot 3.5 ac (152,460 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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