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Plaza 53 West 470 Mountain Iron Dr

1,323 - 48,996 SF of Retail Space Available in Mountain Iron, MN 55768

Highlights

  • Heavy daytime foot traffic
  • The tenant can custom build the space

Space Availability (3)

Display Rent as

  • Space
  • Size
  • Ceiling
  • Term
  • Rent
  • Service Type
  • 1st Floor
  • 9,666 SF
  • 14 ft
  • Negotiable
  • £8.41 /SF/PA £0.70 /SF/MO £90.54 /m²/PA £7.54 /m²/MO £81,304 /PA £6,775 /MO
  • Triple Net
5463-5471 Mountain Iron Dr - 1st Floor
Space Use
Retail
Condition
Full Build-Out
Availability
Now

This space has a retail business that is currently leaving 7-1-2023. The unit has a warehouse and garage door in the rear of the building.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Central Air Conditioning
  • Secure Storage
  • Finished Ceilings: 14 ft
  • Smoke Detector
  • Retail business sign on the front of the building
  • 1st Floor
  • 5,050 SF
  • 12 ft
  • Negotiable
  • £8.41 /SF/PA £0.70 /SF/MO £90.54 /m²/PA £7.54 /m²/MO £42,477 /PA £3,540 /MO
  • Triple Net
5463-5471 Mountain Iron Dr - 1st Floor
Space Use
Retail
Condition
Full Build-Out
Availability
Now

This space is currently leased and ready for a new tenant to take over retail/office space. 24/7 front door access to the outside. This unit is next door on both sides with National Corporate Tenants.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition
  • Central Air Conditioning
  • Finished Ceilings: 12 ft
  • Smoke Detector
  • 1st Floor, Ste 5466
  • 1,323-34,280 SF
  • 10 ft
  • Negotiable
  • £8.41 /SF/PA £0.70 /SF/MO £90.54 /m²/PA £7.54 /m²/MO £288,341 /PA £24,028 /MO
  • Triple Net
5463-5471 Mountain Iron Dr - 1st Floor - Ste 5466
Space Use
Retail
Condition
Full Build-Out
Availability
Now

This South facing corner unit features easy access with maximum exposure to Hwy 53. Owner will build to suit unit for your needs. Flexible terms available. Lease for 1323 up to 34,280 sq ft. Billboard space for sign on Plaza 53 and above your store front door.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Professional Services Office
  • Located in-line with other retail
  • Central Air Conditioning
  • Partitioned Offices
  • Private Restrooms
  • Corner Space
  • Drop Ceilings
  • Recessed Lighting
  • Finished Ceilings: 10 ft
  • Build to suite
Space Size Ceiling Term Rent Service Type
1st Floor 9,666 SF 14 ft Negotiable £8.41 /SF/PA £0.70 /SF/MO £90.54 /m²/PA £7.54 /m²/MO £81,304 /PA £6,775 /MO Triple Net
1st Floor 5,050 SF 12 ft Negotiable £8.41 /SF/PA £0.70 /SF/MO £90.54 /m²/PA £7.54 /m²/MO £42,477 /PA £3,540 /MO Triple Net
1st Floor, Ste 5466 1,323-34,280 SF 10 ft Negotiable £8.41 /SF/PA £0.70 /SF/MO £90.54 /m²/PA £7.54 /m²/MO £288,341 /PA £24,028 /MO Triple Net

5463-5471 Mountain Iron Dr - 1st Floor

Size
9,666 SF
Ceiling
14 ft
Term
Negotiable
Rent
£8.41 /SF/PA £0.70 /SF/MO £90.54 /m²/PA £7.54 /m²/MO £81,304 /PA £6,775 /MO
Service Type
Triple Net
Space Use
Retail
Condition
Full Build-Out
Availability
Now

This space has a retail business that is currently leaving 7-1-2023. The unit has a warehouse and garage door in the rear of the building.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Central Air Conditioning
  • Secure Storage
  • Finished Ceilings: 14 ft
  • Smoke Detector
  • Retail business sign on the front of the building

5463-5471 Mountain Iron Dr - 1st Floor

Size
5,050 SF
Ceiling
12 ft
Term
Negotiable
Rent
£8.41 /SF/PA £0.70 /SF/MO £90.54 /m²/PA £7.54 /m²/MO £42,477 /PA £3,540 /MO
Service Type
Triple Net
Space Use
Retail
Condition
Full Build-Out
Availability
Now

This space is currently leased and ready for a new tenant to take over retail/office space. 24/7 front door access to the outside. This unit is next door on both sides with National Corporate Tenants.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition
  • Central Air Conditioning
  • Finished Ceilings: 12 ft
  • Smoke Detector

5463-5471 Mountain Iron Dr - 1st Floor - Ste 5466

Size
1,323-34,280 SF
Ceiling
10 ft
Term
Negotiable
Rent
£8.41 /SF/PA £0.70 /SF/MO £90.54 /m²/PA £7.54 /m²/MO £288,341 /PA £24,028 /MO
Service Type
Triple Net
Space Use
Retail
Condition
Full Build-Out
Availability
Now

This South facing corner unit features easy access with maximum exposure to Hwy 53. Owner will build to suit unit for your needs. Flexible terms available. Lease for 1323 up to 34,280 sq ft. Billboard space for sign on Plaza 53 and above your store front door.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Professional Services Office
  • Located in-line with other retail
  • Central Air Conditioning
  • Partitioned Offices
  • Private Restrooms
  • Corner Space
  • Drop Ceilings
  • Recessed Lighting
  • Finished Ceilings: 10 ft
  • Build to suite

Rent Types


The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

SELECT TENANTS AT Plaza 53 West

  • Tenant
  • Description
  • US Locations
  • Reach
  • Cost Cutters Duluth
  • Salon/Barber/Spa
  • 1
  • -
  • Edward Jones
  • Finance Company
  • 17,668
  • International
Tenant Description US Locations Reach
Cost Cutters Duluth Salon/Barber/Spa 1 -
Edward Jones Finance Company 17,668 International

PROPERTY FACTS FOR 470 Mountain Iron Dr , Mountain Iron, MN 55768

Min. Divisible 1,323 SF
Centre Type Neighborhood Center
Centre Properties 1
Frontage 1,500 ft on Mountain Iron Drive
Gross Leasable Area 79,800 SF
Total Land Area 6.49 AC
Year Built 1974

About the Property

The center fronts the highest trafficked thoroughfare in the area, Minnesota State Highway 53, seeing 18,000+ vehicles per day. The City of Virginia is the center of the Mesabi Range and is considered the Range's shopping and entertainment hub, drawing everyday shopping population of over 20,000 people from a radius of less than 5 miles servicing Mountain Iron at the West to Gilbert on the East. The immediate area has numerous other retailers including, but not limited to, Menards, Target, Super One Foods, Autozone and Valvoline Instant Oil Change that drive customers to the area. The Mesabi Range communities have seen a revitalization as new technology in mining warranted the reopening of the multiple area mines (iron ore) and the creation of thousands of jobs. The Canadian National (CN) rail line runs directly behind the property. CN's tri-coastal network spans Canada from east to west and down through the Midwest to the Gulf of Mexico.

  • 24 Hour Access
  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Tenant Controlled HVAC
  • Drive Thru
  • Air Conditioning

Nearby Major Retailers

ALDI
Village Inn
Anytime Fitness
Ymca
Caribou Coffee
Super One Foods
Starbucks
  • Listing ID: 20434337

  • Date on Market: 13/06/2023

  • Last Updated:

  • Address: 470 Mountain Iron Dr, Mountain Iron, MN 55768

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