620 Howard St Hibbing, MN 55746
- Commercial real estate
- 16,559 SF
Current Use by Public Records
- Tactran Inc Buses / Transportation Service
Property Details for 620 Howard St
- Year built
- 1924
- Property size
- 16,559 SF
- Property type
- Commercial real estate
- APN
- 140-0070-01140
- APU
- 140007001140
Description
This exceptional commercial property at 620 E Howard Street in Hibbing, Minnesota, presents a unique investment opportunity. The main structure, a substantial brick building boasting significant architectural detail, offers a generous 3,789 square feet of garage space, ideal for various commercial uses. The building's character is undeniable, offering a blend of historical charm and practical functionality. In addition to the main garage, a secondary garage space is located to the west, sharing a wall with the main building and accessible via an overhead door opening onto the alley. This secondary garage is entered at the southwest corner of the main structure. The property also includes a significant amount of office space, perfectly suited for administrative functions or potential conversion to additional commercial uses. An upstairs area provides ample space for creative development, offering flexibility for expansion or adaptation to suit specific business needs. Situated on a 0.33-acre lot, this property offers convenient access and visibility in the heart of downtown Hibbing. The total building size is 782 square feet. The asking price for this remarkable property is $279,900. This is a rare opportunity to acquire a well-located, versatile commercial property with substantial potential for growth and return on investment. The property's unique blend of garage and office space makes it suitable for a wide range of businesses. Don't miss this chance to own a piece of Hibbing's vibrant commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $380,000
- 7%
- $335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $375,000
- Retail
- $390,000
- Mixed-Use
- $340,000
- Hospitality
- $385,000
- Educational
- $375,000
- Residential Income
- $390,000
- Energy
- $425,000
- Income-Based Land
- $350,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- Hibbing
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.9343
- Latitude
- 47.4272
- CBSA code
- 20260
- CBSA name
- DULUTH, MN-WI METROPOLITAN STATISTICAL AREA