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Hibbing Foundary 555 W 25th St 58,000 SF Industrial Building Hibbing, MN 55746 $2,051,140 CAD ($35.36 CAD/SF)
INVESTMENT HIGHLIGHTS
- Flexible industrial offering on W 25th St.
EXECUTIVE SUMMARY
The former Foundary is not just a property, it's an opportunity. An opportunity to situate
your manufacturing operation in a prime, yet private, setting. This sprawling facility comes
with office space, utility areas, a cafeteria, and ample land and parking, making it a
unique and unparalleled choice for your business.
Strategically located in Hibbing, MN, the heart of Minnesota’s Iron Range, the Former
Foundary is a ½ way point between Duluth’s shipping ports to the south, and Canada to
the north. This prime location provides easy access to a large, skilled workforce and a
high-quality lifestyle for your workers.
your manufacturing operation in a prime, yet private, setting. This sprawling facility comes
with office space, utility areas, a cafeteria, and ample land and parking, making it a
unique and unparalleled choice for your business.
Strategically located in Hibbing, MN, the heart of Minnesota’s Iron Range, the Former
Foundary is a ½ way point between Duluth’s shipping ports to the south, and Canada to
the north. This prime location provides easy access to a large, skilled workforce and a
high-quality lifestyle for your workers.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$31,627
|
$0.55
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$31,627
|
$0.55
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Taxes (CAD) | |
|---|---|
| Annual | $31,627 |
| Annual Per SF | $0.55 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $31,627 |
| Annual Per SF | $0.55 |
PROPERTY FACTS
| Price | $2,051,140 CAD | Lot Size | 9.72 AC |
| Price Per SF | $35.36 CAD | Rentable Building Area | 58,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1968 |
| Property Subtype | Manufacturing | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.17/1,000 SF |
| Price | $2,051,140 CAD |
| Price Per SF | $35.36 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 9.72 AC |
| Rentable Building Area | 58,000 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Tenancy | Single |
| Parking Ratio | 1.17/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 141005001895 | Total Assessment | $935,784 CAD (2024) |
| Land Assessment | $43,971 CAD (2024) | Annual Taxes | $31,627 CAD ($0.55 CAD/SF) |
| Improvements Assessment | $891,812 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
141005001895
Land Assessment
$43,971 CAD (2024)
Improvements Assessment
$891,812 CAD (2024)
Total Assessment
$935,784 CAD (2024)
Annual Taxes
$31,627 CAD ($0.55 CAD/SF)
Tax Year
2025
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Hibbing Foundary | 555 W 25th St
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