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    Property profile & analytics
    OFF-MARKET Estimated value $565,000
    Commercial real estate

    5315 Miller Trunk Hwy, Hermantown, MN 55811-1207

    10,000 SF 1.88 ac lot Built 1980
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US46-1624433
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1980
    Total area 10,000 SF
    Lot 1.88 ac (81,893 SF)
    APN 395-0010-00853
    UPID US46-1624433
    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
    $345k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $402k
    Blend (final) Blend
    $565k
    Owner & transaction history
    Hawkline 2 LLC · 1 yrs held
    Hawkline 2 LLC
    since 2024
    3 recorded transactions
    2025
    2024
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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