5468 Miller Trunk Hwy, Hermantown, MN 55811-1235
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.
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.