5315 Miller Trunk Hwy, Hermantown, MN 55811-1207
This exceptional 46-acre industrial property, located at 5315 Miller Trunk Hwy in Hermantown, Minnesota (zip code 55811), presents a unique investment opportunity. Situated conveniently on Hwy 53 and identified by APN 395-0010-00853 in St. Louis County, this single-story, 1980-built warehouse complex offers significant potential for expansion and development. The property features a total of two suites within a single building, providing flexibility for various business needs. Loading capabilities are robust, with three dock-high doors and one drive-in door ensuring efficient goods movement. The property is classified as both industrial and commercial land, making it suitable for a wide range of uses. The substantial lot size allows for ample room for expansion, parking, or additional structures. This prime location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a strategic presence in the thriving Hermantown market. The property's existing infrastructure provides a solid foundation for immediate occupancy or future development, presenting a compelling opportunity for growth and profitability. The address is easily accessible via Hwy 53 and is situated within St. Louis County, Minnesota. This is a rare opportunity to acquire a significant industrial property in a desirable location.
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.