Property profile

5581 Nichols Ave Mountain Iron, MN 55768

OFF-MARKET
Manufacturing properties
Property ID
US46-3242674
8,400 SF 0.72 ac lot Built 1991
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1991
Total area 8,400 SF
Lot 0.72 ac (31,363 SF)
APN 175-0071-00881
UPID US46-3242674

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5581 Nichols Ave Mountain Iron, MN 55768-2023
Mountain Iron metro Census 12800 DULUTH, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.28M
Blend (final) Blend
$325k

Owner & transaction history

since 2015
7 recorded transactions
2025
Price N/A
2015
$190,000
2007
$160,000
2007
Price N/A
2006
$160,000
2005
$126,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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