B2 Norway Pne Pl, Hermantown, MN 55811
This exceptional 3.5-acre commercial land parcel, identified as Lot B2 at 45XX Norway Pines PL, Hermantown, MN 55811, presents a compelling investment opportunity. Situated in St. Louis County, this property boasts convenient access to key transportation infrastructure, including the airport, shipping ports, railways, and Interstate 35. The lot is located at the end of a newer cul-de-sac, offering a peaceful yet accessible setting. Essential utilities are readily available at the roadside, simplifying development plans. The property's strategic location within Hermantown ensures high visibility and accessibility for a wide range of commercial ventures. This is an ideal site for businesses seeking a prominent presence in a thriving community. Further expansion potential exists, with up to an additional 2.5 acres available for purchase, bringing the total potential acreage to 6 acres. This presents a unique chance to acquire a substantial land holding in a highly desirable location. The asking price for this 3.5-acre parcel is $189,500. Don't miss this chance to secure a prime piece of commercial real estate in Hermantown, Minnesota.
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.