Hibbing, MN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Hibbing, Minnesota Market population: 16K. Explore income-producing properties with verified cap rates and operating...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Hibbing MN Properties: 1.2000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Hibbing MN
Common questions from investors exploring commercial real estate in Hibbing MN.
What's the overall investment potential of Hibbing, MN, considering its demographics and economy?
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Hibbing's relatively low poverty rate of 16.6% and high health insurance coverage of 94.3% suggest a stable workforce, while its top industries in agriculture, public administration, and construction indicate a diverse economy. With a median household income of $38,077 and a strong homeownership rate of 71.8%, Hibbing presents a promising market for real estate investment.
How does the city's commute time and transportation infrastructure impact rental demand?
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The average commute time of 16.3 minutes in Hibbing, combined with a high percentage of residents driving alone to work, indicates a convenient and relatively quick commute. This, along with the city's diverse industries and high health insurance coverage, suggests a stable and attractive environment for renters, potentially driving up demand for rental properties.
What role does ethnic diversity play in shaping the local real estate market?
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Hibbing's ethnic diversity, with a predominant White population and smaller but significant Norwegian and Irish ancestries, contributes to a unique cultural landscape. This diversity, paired with the city's relatively low foreign-born rate of 1.8%, may attract investors looking for a stable, community-oriented market with potential for long-term growth, especially considering the city's high homeownership rate and low poverty rate.
How do property values and taxes in Hibbing compare to other investment opportunities?
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With a median property value of $89,000 and median property taxes of $5,267, Hibbing offers relatively affordable investment opportunities. Considering the city's strong employment rate, high health insurance coverage, and diverse industries, these property values and taxes present a competitive advantage for investors seeking balanced risk and return, especially when factoring in the potential for appreciation and rental yields.
What insights can be gleaned from Hibbing's income inequality and education levels for real estate investment?
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Hibbing's GINI coefficient of 0.442 indicates a moderate level of income inequality, which, combined with a high school graduation rate of 85.2% and a bachelor's degree or higher rate of 17.1%, suggests a workforce with a strong foundation in education. This, along with the city's diverse economy and relatively low poverty rate, implies a stable market with potential for growth, making it an attractive location for real estate investors looking for long-term stability and appreciation.
Hibbing MN Real Estate & City Facts
Key facts and real estate information about Hibbing MN.
What are some of the best neighborhoods to live in Hibbing?
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Some of the best neighborhoods to live in Hibbing include Dupont and 7th SW, which is a peaceful and family-friendly neighborhood known for its clean, quiet streets. Other desired areas tend to be in the central parts of the city, while more affordable homes are in the south regions. Neighborhoods like Brooklyn and Kitzville are also options to consider.
What are some fun things to do in Hibbing?
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Hibbing has a lot to offer when it comes to things to do. You can visit the Hull Rust Mahoning Mineview, which is the world's biggest open pit iron ore mine. The city is also home to the Greyhound Bus Museum, the Hibbing Historical Society Museum, and the Bob Dylan House. For outdoor enthusiasts, there's the Mesabi Ridge and the Carey Lake Recreation Area. If you're looking for a unique experience, you can take a tour of the Hull Rust Mine or visit the International Wolf Center.
What is the food scene like in Hibbing?
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Hibbing's food scene has some great local favorites and hidden gems. You can find authentic Iron Range restaurants serving up American and Greek cuisine at places like Sportsmen's Restaurant & Taverna and BoomTown Brewery & Woodfire Grill. If you're in the mood for a good burger, Palmers Tavern and Other Guys Burgers are highly recommended. The city is also home to Mike's Pub, which was featured on America's Best Restaurants.
What are the pros and cons of living in Hibbing?
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The pros of living in Hibbing include its peaceful and family-friendly neighborhoods, affordable housing options, and a unique blend of history, nature, and local culture. However, the city also has its challenges, such as a relatively low median household income and a high poverty rate. Additionally, the city's economy is heavily reliant on the mining industry, which can be unpredictable. Overall, Hibbing is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Hibbing a good place to live?
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Hibbing is a great place to live for those who value a close-knit community, a relaxed pace of life, and a unique blend of history, nature, and local culture. While the city has its challenges, it also has a lot to offer, from its peaceful neighborhoods to its vibrant food scene and outdoor recreational opportunities. Ultimately, whether or not Hibbing is a good place to live depends on your individual priorities and preferences. If you're looking for a city with a strong sense of community and a high quality of life, Hibbing may be worth considering.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Hibbing MN Commercial Property: $38,077
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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