Hwy 53 & Lavaque Bypass, Hermantown

Super prime Highway 53 corner with 1,300 feet of frontage. Qualifies for 25 year TIF district. Superfund site now approved for development after all remediation completed. Owner may consider dividing.

  • Zoned C-1
  • Airport Zones A & C
  • Superfund Site—filled and all remediation work completed
  • Excellent Traffic Counts
  • No Wetlands

MPCA—Former Gopher Oil Superfund site, all remediation work complete. One monitoring well remains and land is preferred to be developed in front area with parking surface capping back acreage

Soil Condition—Superfund site filled and is static meeting parking requirements. Pilings are advised for building. No soil can be removed from site.

TIF—Qualifies for 25 year TIF district applying as much as legally allowable to this stie. TIF is supported by Hermantown.

TIF Benefits—up to $3,000,0000

2018 Real Estate Taxes: $19,034.00

Hwy 53 & Lavaque Bypass
Hermantown, MN

Listing ID:

Price

$3,300,000

Location

Hermantown

Sq. Footage

Lot Size

45.86 acres

Greg Follmer

Greg Follmer

Owner/Broker, Minnesota & Wisconsin

Contact Agent