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    OFF-MARKET
    Land

    47xx Miller Trunk Hwy, Hermantown, MN 55811

    Property ID
    Property summary
    AI-generated overview

    This exceptional 6-acre commercial land parcel, located at 47xx Miller Trunk Highway in Hermantown, Minnesota, presents a unique development opportunity. Boasting over 260,000 square feet of partially cleared land, this property is ideally situated on one of the Northland's busiest corridors, ensuring high visibility and accessibility. The asking price is $1,698,000. Its strategic location offers unparalleled exposure to a significant volume of daily traffic, making it perfect for a wide range of commercial ventures. The property's size and accessibility provide ample space for various development projects, from retail establishments and restaurants to office buildings and light industrial facilities. The partially cleared land simplifies the development process, reducing initial site preparation costs and accelerating project timelines. The property's zoning and permitted uses should be independently verified. This is an exceptional opportunity to acquire a highly visible and strategically located commercial land parcel in a thriving Minnesota community. The zip code is 55811. Interested parties are encouraged to conduct their own due diligence regarding the property's suitability for their intended use. The property's coordinates are latitude 46.8365184 and longitude -92.2275521.

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