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    Property profile & analytics

    4097 Highway 53 Eveleth, MN 55734

    • Manufacturing properties
    • 29,988 SF
    • 8.51 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimation
    Last Sale
    Sep 16, 2024
    $50,000
    Location Intelligence
    Property ID
    US46-0991439
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 4097 Highway 53

    Year built
    2001
    Construction
    WOOD FRAME
    Lot size
    8.51 lot acres
    Property size
    29,988 SF
    Property type
    Manufacturing properties
    APN
    340-0010-03595
    APU
    340001003595

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $50,000

    • CAP approach

      CAP return
      Estimation
      6%
      $45,000
      6.5%
      $45,000
      7%
      $40,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $40,000
      Geo Method
      $35,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $45,000
      Retail
      $50,000
      Mixed-Use
      $40,000
      Hospitality
      $45,000
      Educational
      $40,000
      Residential Income
      $45,000
      Energy
      $50,000
      Income-Based Land
      $40,000
      Food Service
      $50,000

    Location Insight

    • Map
    • Local Demand
    City
    Eveleth
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.5242
    Latitude
    47.4157
    CBSA code
    20260
    CBSA name
    DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $20,774
    $44,300
    $666,500
    $710,800
    -
    $44,300
    $666,500
    $710,800

    Comparable in this City

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    4097 Highway 53
    Eveleth, MN 55734
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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