8878 Main Street, Mountain Iron, MN 55768 (MLS# 7128575)

8878 Main Street, Mountain Iron, MN 55768

$325,000
Property Type: Commercial Baths: 1 Square Footage: 7,050 Lot Size (sq. ft.): 12,197 Status: Active
Current Price: $325,000 List Date: 8/17/2026 Last Modified: 9/23/2026

Overview

Description

Here's a 7,050 sq ft commercial building in Mtn Iron with nothing more for you to do but collect the rent check. Renter is already in place for 3 years and paying for all expenses, including rent, utilities, insurance and taxes! Building features a new flat roof 60 mill, summer 2025, and a steel roof on the garage too. Renters is open to adding an additional year to the lease, if wanted. 4 individual offices, 5 workspaces with cubicles along with a conference room and two bathrooms on the upper level. At the street level are 3 more private offices and workspace for 4 more cubicles. Copier room, storage room and another bathroom, storage lockers and storage spaces for equipment. Rounding out the property is a 5 stall garage at 2400 sq ft of space that is also leased out to the same company.

Listing Details MLS# 7128575

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
6
Owner Occupied
No
Waterfront YN
No
Year Built
1915
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3525
Garage Stalls
5
Power Company
Lake Country Power
For Sale or Lease
For Sale
Acres
0.28
Lot Dimensions
223.00 x 55.00
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Central Air Basement: Full CMU Style: Office Construction Status: Previously Owned Current Use: Office Exterior: Brick/Stone Foundation: Concrete Block Fuel: Propane Heating: Forced Air Loan Terms: Cash; Conventional On Site Utilities: Heating Common Parking Characteristics: Parking Lot Roof: Asphalt-Rolled; Flat Sewer: City Sewer - In Street Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
325000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
8878
Street Name
Main
Street Suffix
Street
Postal City
Mountain Iron
County
St. Louis
State
MN
Zip Code
55768
Complex/Dev/Subdivision
Grant Town Of

Assessments

Tax With Assessments
1486

Basement

Foundation Dimensions
75 x 47

More Information

Building Information

Building Finished SqFt
7050
Building SqFt
7050

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
13
Section#
Yes
Township#
60

Sale Options

Sale Includes
Building

Unit 1

Unit Number
Yes
Half Baths
Yes
Total Bathrooms
Yes
Total Rooms
6
Leased?
No

Unit Details

Total Units
Yes

Documents

IDX
Listing Office: Z'Up North Realty, Inc.
Last Updated: September - 23 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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