2016 1St Ave Hibbing, MN 55746
- Mixed-use properties
- 0.08 lot acres
Current Use by Public Records
- Scott Mescher / Optometrist
Property Details for 2016 1St Ave
- Year built
- 1953
- Lot size
- 0.08 lot acres
- Property type
- Mixed-use properties
Description
This unique mixed-use property at 2016 1st Ave, Hibbing, MN, presents a compelling investment opportunity. Priced at $149,900, this building offers a seamless blend of commercial and residential space, ideal for owner-occupancy or rental income generation. The property boasts a fully furnished, spacious two-bedroom apartment situated above a well-appointed office/retail area. The apartment features a rooftop deck offering stunning city views and is equipped with a mini-split heating and cooling system for optimal comfort. The office space is equally well-equipped, featuring several individual rooms and a welcoming reception area complete with built-in shelving and storage. Parking is abundant, with a two-car attached heated garage providing ample space for vehicles or storage, supplemented by off-street parking and a large city-owned parking lot directly behind the building. The building's location in downtown Hibbing provides immediate access to numerous restaurants and businesses, ensuring high visibility and foot traffic for the commercial space. The 0.08-acre lot offers a manageable footprint, while the mini-split systems in both the apartment and office ensure efficient climate control. This property is a rare find, combining the convenience of living above your business with the potential for substantial rental income. Don't miss this chance to own a piece of downtown Hibbing.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hibbing
- County
- St. Louis County
- State
- Minnesota
- Longitude
- -92.94167
- Latitude
- 47.42672
