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    FOR SALE
    Manufacturing properties

    4097 Highway 53, Eveleth, MN 55734

    29,988 SF 8.51 ac lot Built 2001
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US46-0991439
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 2001
    Construction WOOD FRAME
    Total area 29,988 SF
    Lot 8.51 ac (370,696 SF)
    APN 340-0010-03595
    UPID US46-0991439
    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
    $1.83M
    Comparable Approach Comparable
    $1.99M
    Blend (final) Blend
    $1.61M
    Owner & transaction history
    Fayalures Club Holdings LLC · 1 yrs held
    Fayalures Club Holdings LLC
    since 2024
    Last sale
    $50,000
    1 recorded transaction
    2024
    $50,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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