2202 1st Ave, Hibbing, MN 55746-1902
This exceptional commercial property, located at 2202 1st Ave in the heart of Hibbing, Minnesota's downtown district, presents a truly remarkable business opportunity. The building encompasses a generous 1,960 square feet and sits on a highly visible corner lot, offering excellent street frontage and exposure. Ample on-site parking is available, accommodating ten or more vehicles, a significant advantage for customers and employees. Previously utilized as a gas station and convenience store, the interior features existing stationary freezers and coolers, along with a large service counter. These fixtures can be easily removed to create a flexible and expansive open floor plan, ideal for a wide range of commercial ventures. The 0.18-acre lot provides ample space for outdoor activities or expansion. Priced affordably at $99,000, this property represents an unparalleled chance to establish a thriving business in a vibrant downtown location. The combination of size, location, and parking makes this a rare find in the Hibbing market. Don't miss this exceptional opportunity to own a piece of Hibbing's thriving commercial landscape. Schedule a viewing today.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.