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Lot 9, Commercial Lot, Mountain Iron (00010)

SOLD 1.16 +/- Acres
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Why You'll Love It

Lot 9: Shovel-Ready Commercial Zoned Opportunity!

Well-situated in developing area with new school to SW; Wal-Mart to West; new T-Mobile site to South on Rock Ridge Dr; new charter school to NE at junction of Rock Ridge Dr and Park Ridge Dr

Shovel-ready with city utilities available

Many allowed uses within the CD (Commercial District)

Tax Increment Financing Available

Just off US Hwy 169

Parcel #/ID

175-0047-00010

Legal Information

Lo1,  Block 1 with exceptions, Rock Ridge Development, City of Mountain Iron, MN

Unit Size:

50,530 SF ($7.82/SF )

Property Highlights
Commercial Land
  • Lot 9: Shovel-Ready Commercial Zoned Opportunity in Rock Ridge Development! Rock Ridge Development is in the growth stage of the neighborhood life cycle.
  • Mountain Iron is sister city to Virginia, MN and part of the other quad cities that include Eveleth and Gilbert. US Hwy 169 runs east/west connecting these quad cities and is heavily trafficked. The site is almost directly off US Hwy 169.
  • US Hwy 169's commercial corridor also connects the cities of Buhl and Kenney to the quad cities.
  • The sites are located in Rock Ridge Development which is located on the east side of Mtn Iron 1.5 miles from the intersection of US Hwy 169 and US Hwy 53. The sites are also in very close proximity to Minntac, whose main entrance is off Park Ridge Dr, just to the north.
  • Other commercial ventures in the area include: Comfort Inn & Suites, L & M Fleet Supply, Wal-Mart Supercenter, Maurices, Great Clips, Famous Footwear, Lake Country Power, ATM (Mtn Iron Short Stop), Anderson Auto Service, Cinema 6 Theatre, Dairy Queen, Virginia Golf Course, Target, AT & T...
  • The downtown area of Mtn Iron is located just north of US Hwy 169 and Mineral Avenue. To the north of Rock Ridge Development are single-family homes and a large open mining operation known as Minntac, owned by US Steel Corp.
  • South of Rock Ridge Development across Hwy 169 includes: new Mtn Iron-Buhl Public School, library, place of worship, City of Mtn Iron administrative offices, assisted living, ballfield, and single-family homes.
  • The Commercial District has a variety of permitted uses including retail, lodging, office, restaurants, and dealerships. (See Commercial District zoning information under "Property Documents" for a full list of permitted uses, as well as lot requirements)
  • The City's willingness for development is evidenced through new development: the new Mtn Iron school to the southwest, the new T-Mobile site, together with the new charter school adjacent to the NE. Tax increment financing is available.
  • Only five sites remain and are well-situated in this developing area with new school to the SW; Wal-Mart to the West; new T-Mobile site to the South on Rock Ridge Dr; and a new charter school to the NE at the junction of Rock Ridge Dr and Park Ridge Drive/CSAH 102).
  • City utilities available include water, sewer, electric, natural gas, and underground cable. All sites have frontage on Rock Ridge Drive which is two-lane, bi-directional, paved, and with curb/gutter and street lights.
  • Lots are available as individual lots or can be combined for a larger area for your development. Lots 9, 10 & 11 lie on the west side of Rock Ridge Dr -- contiguous North to South. Lots 6 & 7 lie on the east side of Rock Rdge Dr & are contiguous North to South.
  • Topography is mostly level and open; the site is rectangular in shape. See Property Documents for a Concept Plan of the development area.
  • Lot 9 itself abuts Wal-Mart Supercenter's east line and is subject to Wal-Mart Covenants & Restrictions. Please contact Terri Jensen for a copy of these covenants/restrictions.

2021 Taxes:

$2,454

Zoning:

CD - Commercial District

Future Land Use:

CD - Commercial District

Listing ID#:

2063422


Location
#9 Rock Ridge Drive
Mountain Iron, MN 55768
Coordinates:

47.52301006382 , -92.589306080109

US Hwy 169 heading East; turn left or north on Rock Ridge Drive which curves to the east. At the corner where Rock Ridge Dr curves to the left (north), Lots 11 and 10 are on the left or west side of Rock Ridge Dr; Lots 6 & 7 are on the right or east side of Rock Ridge Drive. Lot 9 lies at SW corner of the junction of Rock Ridge Dr and Park Ridge Dr/Twp 102.

Contact
Terri Jensen, ALC
Managing Broker - MN
5.0 stars
59 reviews
Cell: 507-382-0908
See all of my listings
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