2012 1st Avenue Hibbing, MN ^$ 510,000

2012 1st Avenue

^$ 510,000

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2012 1st Avenue

Hibbing, MN, 55746

^$ 510,000

Studio Baths0.0 Sq 12,500

Monthly Estimate*

^$ 3,563

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Studio

Commercial Property for sale in Hibbing, MN

for $510,000. This 12,500 square foot building was built in 1918 on a lot size of 0.14.

Downtown Hibbing mixed use investment opportunity comprised of 2 commercial suites, 5 private offices, 10 apartments, and underground heated garage. Solid building, CAPX invested, on site property management & maintenance. Older roof. Updated vinyl windows. Property performs at a 10% cap. Ask for financials.

Commercial Active

Price

^$ 510,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 5,710

Style

Lot Size

0.14

Year Built

1918

Town/City

Hibbing

County/Region

Saint Louis

MLS | Web ID

6478020

Features

General

Sewer City Sewer/Connected

Heating Boiler

Utilities Electric Separate Heating Common

Garage Spaces 2

Construction Materials Brick/Stone Stucco

Year Built 1918

Topography Level

Levels Two

Tax Year 2023

Current Use Commercial Office Residential Retail

Gross Income 101174.99

Accessibility None

County St. Louis

Operating Expense 45371.06

Property Type Commercial Sale

Contingency None

Subdivision Name Central Add To Hibbing

Directions HWY 169 to 1st Ave to property on the right hand side on the North side of downtown.

City Hibbing

Buyer Agent Compensation 2.50

High School District Hibbing

Zoning Description Business/Commercial

Total Units 17

Street Name 1st

Land Lease Y/N N

Tax Annual Amount 5710

Additional Parcels Y/N N

Days on Market 63

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Interior

Basement Other

Basement (Y/N) N

Street Suffix Avenue

Fuel Natural Gas

Garage Square Feet 2500

Exterior

Parking Features Off Site

Water Source City Water/Connected

Inclusions Building

Lot Size Area 0.14

Building Area Total 12500

Lot Dimensions 50x125x50x125

Lot Size Units Acres

Foundation Area 6250

Road Frontage Type City Street

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 2012

* Excluded Features

List By

Parcel Real Estate Inc.

Broker

dylan@dylanmaitland.com

Affordability Calculator

$4,038

Per Month

Monthly Principal & Interest: $3,563
Monthly Property Taxes: $476
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Hibbing, MN

Average List Price ^$397,950

Percent of Sale Price 22%

About Hibbing, MN

16,114 Population

-6% Since 2002

^$43,056 Median Income

42.55 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

709394 Elementary School

708403 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/8/2024	$510,000	-2.86%	Price Down
1/16/2024	$525,000		Listed Price

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2012 1st Avenue, Hibbing, MN, 55746 is a Commercial Property for sale at $510,000 with 12,500 sqft and a lot size of 0.14. 2012 1st Avenue is a studio with 0.0 baths and was built in 1918. The property's zip code is 55746 which is in Hibbing, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/27/2024.

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2012 1st Avenue

Commercial Property for sale in Hibbing, MN

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