4097 Highway 53, Eveleth, MN 55734
For Sale
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This exceptional 12.4-acre commercial property in Eveleth, Minnesota, presents a remarkable business opportunity. Strategically located on Highway 53, the site boasts multiple substantial buildings, offering significant versatility for a wide range of industrial or commercial uses. The property includes city sewer and a private well, ensuring convenient and reliable utilities. A key feature is a newer, expansive building measuring 125 feet by 240 feet, featuring impressive ceiling heights of up to 25 feet. This building is equipped with multiple overhead doors, ideal for efficient loading and unloading of goods, along with hot water heat and ample workspace. A second building offers ceiling heights up to 16 feet and includes a well-appointed office area complete with a break room and conference room. Additional space within this building is suitable for inventory management or customized to suit specific business needs. A substantial cold storage area, approximately 60 feet by 220 feet, is also included. Previously used for wood product manufacturing, the buildings are adaptable to various industrial or warehouse applications, allowing for customization to meet the requirements of a new owner. This property's size, location, and existing infrastructure make it an exceptional investment opportunity with significant potential for growth and expansion. The asking price is $1,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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.