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5463 Mountain Iron Dr
Virginia, MN 55792
Plaza 53 · Retail Property For Sale
PROPERTY FACTS
ABOUT 5463 MOUNTAIN IRON DR , VIRGINIA, MN 55792
SVN | Northco is pleased to present for sale a multi-tenant mall in located in Virginia, MN. This 80,000 square foot mall is a great value-add and/or redevelopment opportunity at $18 per square foot. The center is currently 38.27% occupied with the core tenant mix including national credit retailers and service providers. The 6.49 acre property fronts Hwy 53 and consists of a 5.46 acre parcel that Plaza 53 sits and an additional 1.03 acres of additional development land. Virginia, MN is located in Saint Louis County on the Mesabi Iron Range, one of the sub-regions of Minnesota's Iron Range. Virginia is considered the commerce center of the Mesabi Range and serves as the shopping, industrial, educational, and medical hub for the surrounding communities. The Mesabi Range communities have experienced a revitalization as new technology in mining warranted the reopening of the multiple area mines and the creation of thousands of jobs. Major highways that run through the town are US Highway 53, US Highway 169, and State Highway 135. Virginia is located approximately 64 miles from Duluth and 200 miles from Minneapolis.
PROPERTY TAXES
| Parcel Number | 175007101217 | Improvements Assessment | $513,600 |
| Land Assessment | $961,700 | Total Assessment | $1,475,300 |
PROPERTY TAXES
