45xx Norway Pne Pl Hermantown, MN null
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.