Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Commercial real estate

    4891 Miller Trunk Hwy, Hermantown, MN 55811

    7,688 SF 0.58 ac lot Built 1955
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US46-1599274
    Property summary
    AI-generated overview

    This exceptional 1,173 square foot medical/traditional office space is located in the Woodridge Professional Center, Suite 100, in the Hermantown submarket of St. Louis County. The building, constructed in 1955, is a two-story structure totaling 7,688 square feet and features a single building with multiple tenants. Currently, 1,173 square feet are available for lease. The property boasts extraordinary access and visibility, a significant advantage for any business. Its convenient location is only a half-mile from the Duluth International Airport, ensuring easy access for clients and employees. The building benefits from a controlled intersection, enhancing visibility and accessibility. Lease terms are flexible, offering options for 3-5 year agreements at competitive rates. The lease is a modified gross lease, with tenants responsible for a proportionate share of electricity costs. Ample free parking is provided for tenants and their clients. This presents a unique opportunity for businesses seeking a well-located, accessible, and attractively priced office space in a thriving area. The property is ideal for medical practices or other professional services.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1955
    Total area 7,688 SF
    Lot 0.58 ac (25,265 SF)
    APN 395-0010-03356
    UPID US46-1599274
    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
    by Request
    Comparable Approach Comparable
    $1.31M
    Blend (final) Blend
    $1.26M
    Owner & transaction history
    Janet K Wick · 3 yrs held
    Janet K Wick
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Industrial (general) $1.6M +5.8%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message