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Rock Ridge Rd - Rock Ridge Development - Lot 1, Block 1

1.09 - 2.14 Acre Commercial Land Lots Offered at £283,169 - £644,661 Per Lot in Mountain Iron, MN 55768

Executive Summary

Lots 6 and 7
• 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 £283,169 - £1,267,804
Sale Type Investment or Owner User
No. Lots 3
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Apartment Units - Condo
  • Restaurant
Total Lot Size 4.54 AC

3 Lots Available

Lot 6&7

Price £644,661
Price Per AC £301,243
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 £283,169
Price Per AC £259,788
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 £339,975
Price Per AC £259,523
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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
175004700010
Land Assessment
£76,334
Improvements Assessment
£0
Total Assessment
£76,334
  • Listing ID: 34146136

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: Rock Ridge Rd, Mountain Iron, MN 55768

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