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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    5468 Miller Trunk Hwy, Hermantown, MN 55811-1235

    168 SF 6.49 ac lot Built 1994
    Entity Owned Free & Clear
    Property ID
    US46-1647794
    Property summary
    AI-generated overview

    This exceptional 6.49-acre commercial parcel presents a prime opportunity for discerning investors and business owners. Strategically located on Highway 53 in Hermantown, Minnesota, this property boasts unparalleled visibility and accessibility, with a daily traffic count exceeding 25,000 vehicles. The elevated terrain ensures excellent sightlines and prominence. Two convenient access driveways are already in place, simplifying development and operational logistics. The property currently utilizes a well water system, while city services are readily available at the roadside. A septic system will need to be installed by the future owner. This expansive lot offers significant potential for a wide range of commercial ventures, capitalizing on its high-traffic location and substantial acreage. The possibilities are vast, from retail establishments and restaurants to light industrial uses and more. Its prime location and existing infrastructure make this a truly exceptional opportunity to establish a thriving business in a high-growth area. Don't miss this chance to secure a prominent position on one of the region's busiest thoroughfares. Contact us today to explore the potential of this remarkable property.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1994
    Construction FRAME
    Total area 168 SF
    Lot 6.49 ac (282,704 SF)
    APN 395-0010-00761
    UPID US46-1647794
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    5468 Hermantown LLC
    5468 Hermantown LLC
    since 2025
    Last sale
    $450,000
    4 recorded transactions
    2025
    $450,000
    2015
    $500
    2014
    $25,500
    2009
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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