4891 Miller Trunk Hwy, Hermantown, MN 55811
For Sale
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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.
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
Similar Nearby for Lease
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.