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Rock Ridge Rd - Rock Ridge Development - Lot 1, Block 1 1.09 - 2.14 Acre Commercial Land Lots Offered at $500,327 - $1,139,042 CAD Per Lot in Mountain Iron, MN 55768
EXECUTIVE SUMMARY
• Combine for a total area of 2.14 acres (93,218.40 square feet)
• Must be sold together
• Ideally set up for multi-unit apartments or hotel - many allowed uses within the commercial district
• No Walmart restrictions
• Located by many amenities and borders the city of Virginia
• Shovel ready with city utilities available
• Right off of Highway 169
• Tax Increment Financing available
• Asking price is $823,900
PROPERTY FACTS
| Price | $500,327 - $2,240,065 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 3 | Total Lot Size | 4.54 AC |
| Property Type | Land |
| Price | $500,327 - $2,240,065 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 3 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.54 AC |
3 LOTS AVAILABLE
Lot 6&7
| Price | $1,139,042 CAD | Lot Size | 2.14 AC |
| Price Per AC | $532,262.52 CAD |
| Price | $1,139,042 CAD |
| Price Per AC | $532,262.52 CAD |
| Lot Size | 2.14 AC |
•Combine for a total area of 2.14 acres (93,218.40 square feet) • Must be sold together • Ideally set up for multi-unit apartments or hotel - many allowed uses within the commercial district • No Walmart restrictions • Located by many amenities and
Lot 10
| Price | $500,327 CAD | Lot Size | 1.09 AC |
| Price Per AC | $459,015.38 CAD |
| Price | $500,327 CAD |
| Price Per AC | $459,015.38 CAD |
| Lot Size | 1.09 AC |
• Lot 10 - 1.09 acres • Located by many amenities and borders the city of Virginia • Shovel ready with city utilities available • Right off of Highway 169 • Tax Increment Financing available • Asking price is $361,900
Lot 11
| Price | $600,696 CAD | Lot Size | 1.31 AC |
| Price Per AC | $458,546.77 CAD |
| Price | $600,696 CAD |
| Price Per AC | $458,546.77 CAD |
| Lot Size | 1.31 AC |
DESCRIPTION
Nestled in St. Louis County, Minnesota, the City of Mountain Iron proudly holds the title of The Taconite Capital of the World. Our Commercial District offers a diverse range of opportunities, with prime land conveniently located just off Highway 169. This area is fully prepared for development, complete with city utilities, ensuring a seamless transition for your business needs. Property Features The land is surveyed into four lots: ? Lots 6 and 7 combine for a total of 2.14 acres and must be sold together - $823,900 ? Lot 10 is 1.09 acres - $361,900 ? Lot 11 is 1.31 acres - $434,500 • Tax Increment Financing is available • Level land • City utilities available include water, sewer, electric, natural gas and underground cable.
Presented by
Rock Ridge Rd - Rock Ridge Development - Lot 1, Block 1
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