5241 Miller Trunk Hwy Hermantown, MN 55811
- Commercial real estate
- 4.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5241 Miller Trunk Hwy
- Lot size
- 4.00 lot acres
- Property type
- Commercial real estate
Description
Exceptional investment opportunity: a 4-acre commercial lot in Hermantown, Minnesota, situated on a high-traffic corner of Miller Trunk Highway (Hwy 53). This prime location boasts three convenient access points – two from Hwy 53 and one from Norway Pines Place. The property is zoned General Commercial and features existing on-site utilities, providing immediate infrastructure for development. Currently generating substantial monthly income, approximately $7,500 from a building and $1,250 from a house, this property offers a unique blend of immediate cash flow and significant long-term potential. The high visibility from the busy highway ensures excellent exposure for any commercial venture. The land itself is situated on usable high ground, offering ample space for expansion, storage, or new construction. All measurements and information are believed to be accurate, but buyers are responsible for their own due diligence. The asking price for this exceptional property is $1,200,000. Don't miss this chance to secure a thriving commercial property in a prime location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hermantown
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.2329137
- Latitude
- 46.837086
