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$895,000

  • For Sale
  • Active
  • Commercial Service
  • 14,130 Sq. Ft.
  • 6.92 Acres
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Great investment opportunity. Space to house your business or lease out the 9 Commercial spaces. Currently leased for car sales, car repair, warehouse space, sales and office space. Located on 6.92 acres. New mound septic system.

Full Property Details for 5547 Hwy 2

General

  • Price: $895,000
  • Taxes: $12,275 (2025)
  • Status: Active
  • Type: Commercial Service
  • Source: 1402
  • MLS ID: 6121306
  • Updated: 11/1/2025
  • Added to Site: 280 day(s) ago

Location

  • Area: R
  • County: St. Louis County
  • Driving Directions: Take Hwy 2 out of Proctor. On RHS shortly before Highway 2 and Morris Thomas Rd During Road Construction from Proctor take Morris Thomas Rd to Highway 2 turn left through Road closed signs. LHS.

Heating & Cooling

  • Heating Type: Oil

Utilities

  • Sewer: Mound Septic
  • Water: Drilled

Structural Information

  • Construction: Frame/Wood
  • Exterior Const.: Composition
  • Basement: Yes
  • Basement Desc.: Slab
  • Roof: Asphalt
  • Ceiling Height: 8-10 Feet, 16-20 Feet
  • Square Feet: 14,130
  • Current Bldg. Use: Automotive, Business, Storage Facility
  • Year Built: 1990

Lot Features

  • Lot Size (Acres): 6.92
  • Lot Dimensions: Irr

Financial Considerations

  • Price Per Sq. Ft.: $63.34
  • Tax Amount: $12,275
  • Tax Year: 2025
  • Terms: Cash, Conventional, Small Business Admin.

Disclosures and Reports

  • Ownership: Fee-Simple
  • Legal Description: Hermantown Sec 32 Tnshp 50 Range 15 That part of SW 1/4 of NE 1/4 lying N & E of new hwy 2 exc that part beg at NW cor of NE 1/4 of SW 1/4 of NE 1/4 thence Ely (see addendum for balance)
  • Inclusions: Building, Leases
  • Property ID: 395-0010-09450

Listed by North Point Realty

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— 5547 Hwy 2 —

  • North Point 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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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

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

Schools serving 5547 Hwy 2

School District:Hermantown Public School District
NameGradesDistance
Hermantown Elementary School
5365 West Arrowhead Road, Hermantown, MN 55811
K-43.5 mi
Hermantown Middle School
4335 Hawk Circle Drive, Hermantown, MN 55811
5-83.7 mi
Hermantown Senior High School
4335 Hawk Circle Drive, Hermantown, MN 55811
9-123.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5547 Hwy 2 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/31/2025
Price Reduced
$895,000
-5.79%
MLS
8/14/2025
Listed
$950,000
—
MLS
Get Price Alerts and Save Property
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 5547 Hwy 2

Year
Property Taxes
Change
Tax Assessment
Change
2026
$20,024
63%
$476,100
10%
2025
$12,304
11%
$431,600
9%
2024
$11,038
3%
$397,500
—
2023
$10,684
-8%
$397,500
—
2022
$11,582
1%
$397,500
11%
2020
$11,434
—
$358,400
—
2019
$11,400
—
$358,400
—
2018
$11,416
-5%
$358,400
—
2017
$11,968
3%
$358,400
—
2016
$11,620
17%
$358,400
18%
2015
$9,906
-1%
$305,000
—
2014
$10,007
12%
$305,000
—
2013
$8,957
—
$305,000
—
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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Listed by North Point Realty

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5547 Highway 2, Hermantown, MN 55810 (MLS# 6121306) is a Commercial Service property. 5547 Highway 2 is currently listed for $895,000 and was received on August 14, 2025. Want to learn more about 5547 Highway 2? Do you have questions about finding other Commercial Service real estate for sale in Hermantown? You can browse all Hermantown real estate or contact a Coldwell Banker agent to request more information.

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