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$1,500,000

  • For Sale
  • Active
  • Commercial
  • 64,407 Sq. Ft.
  • 12.4 Acres
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Great Business opportunity! Located on Hwy 53, this 6+ acres of land features multiple big buildings with city sewer, a private well, & has great potential for your next business endeavor or growing your business to new heights! The 125x240ft newer building has ceilings heights up to 25ft, multiple overhead doors for convenient distributing of products & taking in inventory/supplies, hot water heat, & tons of working space! The other building has ceiling heights up to 16ft. This building features a nicely finished office space with a break room & conference room; space in between for organizing/maintaining inventory or what you dream the space to be; & there is a cold storage area measuring to approx 60x220ft. The buildings were used for manufacturing wood products but you can have an industrial warehouse or convert it to fit your needs, dreams, and desires. Don't miss out!! For a personal tour, call today!

Full Property Details for 4097 Hwy 53

General

  • Price: $1,500,000
  • Taxes: $21,294 (2024)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6695562
  • Updated: 12/22/2025
  • Added to Site: 368 day(s) ago

Parking

  • Garage: Yes
  • Garage Spaces: 20
  • Parking Features: Parking Lot

Location

  • County: St. Louis
  • Township: Fayal Twp
  • Subdivision: Fayal Town Of
  • Driving Directions: From Virginia, follow Hwy 53south, property on the right, just before Hwy37 going towards Hibbing.

School Information

  • School District: 1052 - Eveleth-Gilbert
  • High School District: Eveleth-Gilbert

Heating & Cooling

  • Heating Type: Boiler, Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: Drilled
  • Utility Description: Electric Separate, Heating Separate

Structural Information

  • Exterior Const.: Other, Steel Siding
  • Foundation Size: 70459
  • Roof: Metal
  • Disability Access: None
  • Square Feet: 64,407
  • Finished Down/Base.: 64,407 Sq. Ft.
  • Current Bldg. Use: Warehouse
  • Year Built: 1982

Lot Features

  • Lot Size (Acres): 12.4
  • Lot Dimensions: 600 x 900
  • Frontage: Highway
  • Zoning: Industrial

Financial Considerations

  • Tax Amount: $21,294
  • Tax Year: 2024
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: The Northerly 400 feet of the Easterly 1150 feet of the Northwest Quarter of the Northeast Quarter (NW ¼ of NE ¼), Section 20, Township Fifty-seven (57) North, Range Seventeen (17) West of the Fourth Principal Meridian according to the United States Government Survey thereof, EXCEPT that part of the Southerly 48.00 feet of the Northerly 400.00 feet of the Easterly 1150.00 feet of the Northwest Quarter of the Northeast Quarter of Section 20, Township 57 North, Range 17 West of the Fourth Principal Meridian, St. Louis County, Minnesota, lying westerly of the westerly right of way line of State
  • Inclusions: Building, Land
  • Property ID: 340001003595

Listed by Next Door Realty

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— 4097 Hwy 53 —

  • Next Door Realty

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Price & Sales History for 4097 Hwy 53 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/01/2025
Listed
$1,500,000
2900%
MLS
8/30/2024
Sold
$50,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4097 Hwy 53

Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,950
-4%
$709,800
—
2024
$20,774
-5%
$710,800
-17%
2023
$21,816
-27%
$860,000
—
2022
$29,776
-1%
$860,000
—
2020
$30,164
7%
$860,000
—
2019
$28,248
-16%
$860,000
-15%
2018
$33,530
-23%
$1,012,500
-21%
2017
$43,522
8%
$1,280,900
6%
2016
$40,378
-9%
$1,207,600
-6%
2015
$44,536
3%
$1,280,900
—
2014
$43,154
-6%
$1,280,900
—
2013
$45,910
—
$1,280,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Next Door Realty

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4097 Highway 53, Eveleth, MN 55734 (MLS# 6695562) is a Commercial property. 4097 Highway 53 is currently listed for $1,500,000 and was received on April 01, 2025. Want to learn more about 4097 Highway 53? Do you have questions about finding other Commercial real estate for sale in Eveleth? You can browse all Eveleth real estate or contact a Coldwell Banker agent to request more information.

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