5480 Miller Trunk Hwy Hermantown, MN 55811
- Commercial real estate
- 1,294 SF
- 0.94 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5480 Miller Trunk Hwy
- Year built
- 1956
- Lot size
- 0.94 lot acres
- Property size
- 1,294 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 5480 Miller Trunk Highway in Hermantown, Minnesota, presents a unique investment opportunity. Boasting 1,294 square feet on a 0.94-acre lot, this property benefits from an unparalleled location with an estimated 9 million cars passing annually. The high traffic count ensures maximum visibility and accessibility for any business. Currently configured as a solid building ready for immediate occupancy, the property is ideally suited for a diverse range of commercial ventures, including but not limited to insurance agencies, dispensaries, or financial services. The existing structure provides a strong foundation for a new business, eliminating the need for extensive renovations. The property's versatility makes it an attractive option for entrepreneurs seeking a high-traffic location with significant potential for growth. Furthermore, there is the possibility of acquiring additional acreage, expanding the property's footprint to meet future needs. Quick possession is a distinct advantage, allowing for a swift and efficient transition into operations. This is a rare opportunity to secure a prime commercial location in a thriving Hermantown market. Don't miss out on this exceptional chance to establish your business in a high-visibility, high-traffic area. The property is priced at $249,000.
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
- -92.25648
- Latitude
- 46.84274
