507X Maple Grove Road, Hermantown, MN 55811

$895,000

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List Price
$895,000
MLS#
7151538
Status
ACTIVE
Type
Land
Acres
12.87
Subdivision
Hermantown City Of

Property Description

300K price reduction + Seller is open to contract-for-deed financing. Prime development site for a residential or multi-family apartment project. Adjacent to the Pillars of Hermantown, a newer luxury senior living building which has experienced strong demand. Hermantown City Hall is across the street from there. Only 2.2 miles to Miller Hill Mall and close proximity to Sam's Club, Costco, Target and an abundance of other shopping and restaurants. 5 Miles to DT Duluth and 2.5 Miles to Duluth International Airport. Recent studies show strong local housing demand and this parcel is ideally situated. We have concept plans for a multi-family apartment building and one for Twinhomes and Villa Homes which have both previously been approved by the city. Don’t miss capitalizing on this opportunity - Inquire for additional information!

Additional Information

School District
Hermantown
Tax Year
2026
Restrictions
Open
Topography
Gently Rolling

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Listing courtesy of Pemberton RE.

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