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    OFF-MARKET
    Land

    B2 Norway Pne Pl, Hermantown, MN 55811

    3.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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