102 9Th Ave Hibbing, MN 55746
This 1,158 square foot retail space is located at 102 9th Avenue West in Hibbing, Minnesota, within The Marketplace retail center. The property enjoys a prime location along the busy Highway 169 corridor, providing excellent visibility and high traffic counts. Its strategic placement near major retailers such as Super Walmart and Lowe's ensures significant foot traffic and exposure to a large customer base. The Marketplace itself is considered one of Hibbing's premier retail centers, offering a synergistic environment with established businesses. This presents an exceptional opportunity for businesses seeking to establish a presence in a thriving commercial area or for existing businesses looking to expand their operations. The property is ideal for a variety of uses, including retail, office services, or a restaurant, capitalizing on the high volume of traffic and the strong retail presence in the immediate vicinity. The asking price is $14 million. The property sits on a 0-acre lot. This is a rare opportunity to secure a highly visible and well-located retail space in a growing Minnesota market.
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
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No recorded transactions found for this property.
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Risks
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