620 Howard StHibbing, MN 55746

  • Commercial real estate
  • 16,559 SF
For Sale
$299,000 View listing

Property Details for 620 Howard St

Year built
1924
Property size (Sq ft)
16,559 SF
Property type
Commercial real estate
APN
140-0070-01140
APU
140007001140

Description

This exceptional commercial property at 620 E Howard Street in Hibbing, Minnesota, presents a unique investment opportunity. The main structure, a substantial brick building boasting significant architectural detail, offers a generous 3,789 square feet of garage space, ideal for various commercial uses. The building's character is undeniable, offering a blend of historical charm and practical functionality. In addition to the main garage, a secondary garage space is located to the west, sharing a wall with the main building and accessible via an overhead door opening onto the alley. This secondary garage is entered at the southwest corner of the main structure. The property also includes a significant amount of office space, perfectly suited for administrative functions or potential conversion to additional commercial uses. An upstairs area provides ample space for creative development, offering flexibility for expansion or adaptation to suit specific business needs. Situated on a 0.33-acre lot, this property offers convenient access and visibility in the heart of downtown Hibbing. The total building size is 782 square feet. The asking price for this remarkable property is $279,900. This is a rare opportunity to acquire a well-located, versatile commercial property with substantial potential for growth and return on investment. The property's unique blend of garage and office space makes it suitable for a wide range of businesses. Don't miss this chance to own a piece of Hibbing's vibrant commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,484,734
    Hospitality
    $3,191,997
    Educational
    $2,655,704
    Medical
    $2,747,038
    Retail
    $4,131,095
620 Howard St, Hibbing, Minnesota

Location Insight

City
Hibbing
County
St. Louis
State
Minnesota
Latitude
47.4272
Longitude
-92.9343
CBSA code
20260
CBSA name
DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,242
$37,800
$105,000
$142,800
-
$37,800
$105,000
$142,800

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