4097 Highway 53Eveleth, MN 55734

Property Details for 4097 Highway 53

Year built

2001

Construction

WOOD FRAME

Lot size

8.51 AC

Property size (Sq ft)

29,988 SF

Property type

Manufacturing properties

APN

340-0010-03595

APU

340001003595

Description

This exceptional 12.4-acre commercial property in Eveleth, Minnesota, presents a remarkable business opportunity. Strategically located on Highway 53, the site boasts multiple substantial buildings, offering significant versatility for a wide range of industrial or commercial uses. The property includes city sewer and a private well, ensuring convenient and reliable utilities. A key feature is a newer, expansive building measuring 125 feet by 240 feet, featuring impressive ceiling heights of up to 25 feet. This building is equipped with multiple overhead doors, ideal for efficient loading and unloading of goods, along with hot water heat and ample workspace. A second building offers ceiling heights up to 16 feet and includes a well-appointed office area complete with a break room and conference room. Additional space within this building is suitable for inventory management or customized to suit specific business needs. A substantial cold storage area, approximately 60 feet by 220 feet, is also included. Previously used for wood product manufacturing, the buildings are adaptable to various industrial or warehouse applications, allowing for customization to meet the requirements of a new owner. This property's size, location, and existing infrastructure make it an exceptional investment opportunity with significant potential for growth and expansion. The asking price is $1,500,000.

• Alternative Use

  Use

  Valuation

  Residential

  $6,310,778

  Hospitality

  $5,780,640

  Educational

  $4,809,424

  Medical

  $4,974,828

  Retail

  $7,481,326

Location Insight

City

Eveleth

County

St. Louis

State

Minnesota

Latitude

47.4157

Longitude

-92.5242

CBSA code

20260

CBSA name

DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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