$88,000

8880 Main St Mountain Iron, MN 55768

Estimated payment $506/month

Total Views 1,728
3 Beds
1.5 Baths
3,500 Sq Ft
$25 Price per Sq Ft

Highlights

  • Hot Property
  • Corner Lot
  • Dining Room
  • City View
  • No HOA
  • Baseboard Heating

About This Home

Fantastic business and/or rental opportunity in the Historical Bank Building in Downtown Mt. Iron! The main floor features an oversized potential business area with multiple offices, an entry with great storefront windows, and bathroom. Upstairs you will find the large 3-bedroom apartment with hardwood flooring, and massive living room/dining area, along with a full bathroom with laundry.

Listing Agent

Greg Hoffman

Edina Realty, Inc. Listed on: 04/23/2026

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $500

Year Built

  • Built in 1915

Lot Details

  • Lot Dimensions are 50x90
  • Corner Lot
  • Zoning described as Business/Commercial

Parking

  • On-Street Parking

Home Design

  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property
  • Dining Room
  • City Views
  • Partial Basement

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Grant Town Of Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$500

Year Built

Built in 1915

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family
  • Cooling System: None
  • Outside Features: Stone
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1915
  • Above Grade Finished Sq Ft: 3500
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Appliances: Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Living Area: 3500
  • Fireplace: No
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Rubber
  • PoolFeatures: None
  • Foundation Details: Other

Garage/Parking

  • Parking Features: On-Street Parking Only

Utilities

  • Heating: Baseboard, Hot Water
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Electric Dryer Hookup, Upper Level, Washer Hookup
  • Electric: 100 Amp Service
  • Fuel: Natural Gas
  • Power Company: Minnesota Power

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: City View, Washer/Dryer Hookup

Schools

  • Junior High Dist: Mountain Iron-Buhl
  • SchoolDistrictPhone: 2187358271

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 50x90
  • Land Lease: No
  • Lot Features: Corner Lot
  • Additional Parcels: No
  • Zoning Description: Business/Commercial
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Frame

Tax Info

  • Tax Year: 2026
  • Assessor Parcel Number: TBD
  • Tax Annual Amount: 500
  • TaxWithAssessments: 500

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $500 $41,000 $4,500 $36,500
2023 $492 $41,000 $4,500 $36,500
2022 $822 $41,000 $4,500 $36,500
2021 $808 $41,000 $4,500 $36,500
2020 $1,788 $41,000 $4,500 $36,500
2019 $1,828 $87,700 $6,300 $81,400
2018 $1,718 $87,700 $6,300 $81,400
2017 $0 $87,700 $6,300 $81,400
2016 $2,158 $87,700 $6,300 $81,400
2015 $2,338 $86,500 $11,200 $75,300
2014 $2,335 $86,500 $11,200 $75,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/23/2026 04/23/26 For Sale $88,000 +10.1% $25 / Sq Ft
07/08/2022 07/08/22 Sold $79,900 0.0% $26 / Sq Ft View Prior Sale
02/28/2022 02/28/22 Price Changed $79,900 -10.2% $26 / Sq Ft
01/23/2022 01/23/22 For Sale $89,000 -- $29 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $79,900 Sellman Title
Deed $79,900 --
Warranty Deed $55,000 None Available
Contract Of Sale $55,000 Up North Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $52,000 Seller Take Back
Source: Public Records

About the Listing Agent

Greg Hoffman

Edina Realty, Inc.

(218) 541-1981

Section Image

Greg Hoffman has been a Realtor with Coldwell Banker Properties North since 1996 and a broker associate since 2001. Greg is a top producer with over 30 years experience in sales.

Greg has brought a vast understanding of both buyers and sellers needs to his profession. He specializes in new construction, recreational properties, common interest communities and commercial sales. He and his wife Jackie, reside on Lake Vermilion.

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Source: NorthstarMLS

MLS Number: 7060733

NorthstarMLS

APN: 175001001950

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