Hibbing, Minnesota Commercial Real Estate 0 Listings

Hibbing, Minnesota: A Premier Destination for Commercial Real Estate

Introduction

Hibbing, Minnesota, known for its rich history in iron ore mining, has evolved into a promising hub for commercial real estate (CRE) investments. With a population of approximately 16,000, Hibbing offers diverse opportunities in key industries such as healthcare, education, and manufacturing. The city's strategic location in the heart of Minnesota's Iron Range, coupled with its robust infrastructure, makes it an attractive destination for businesses seeking growth and expansion in the Midwest.

Economic and Industry Overview

Hibbing's economy is primarily driven by the mining, healthcare, and educational sectors. The presence of major industry players like Essentia Health and Hibbing Community College contributes significantly to the demand for office and medical real estate. The city's manufacturing sector also supports industrial property needs, with a focus on equipment and machinery related to mining and natural resources. The Iron Range Resources & Rehabilitation Board actively promotes economic development, offering incentives that further enhance the city's CRE landscape.

Strategic Location and Transportation Infrastructure

Hibbing is strategically positioned with access to major transportation networks, including U.S. Highway 169 and State Highway 37, facilitating easy connectivity to regional and national markets. The city is served by the Range Regional Airport, providing passenger and cargo services. The proximity to rail lines operated by Canadian National Railway enhances logistics capabilities, making Hibbing an ideal location for distribution and warehousing operations.

Commercial Real Estate Inventory & Zoning

Hibbing's CRE market features diverse submarkets, including the Central Business District (CBD), industrial corridors, and innovation districts. Key asset classes encompass industrial, retail, flex, office, and commercial-grade multifamily properties. The city's zoning regulations are designed to support sustainable development, with overlays and incentives available for developers. Access detailed zoning maps and parcel viewers to explore specific opportunities.

Major Employers and Institutions

Hibbing is home to several major employers and institutions that fuel CRE demand. Notable organizations include:

These institutions not only provide employment but also drive demand for office and medical space within the city.

Notable Commercial Developments & Projects

Hibbing is witnessing significant commercial developments, including mixed-use projects and innovation parks. The city's participation in public-private partnerships and designation of Opportunity Zones stimulate investment and economic growth. More information on ongoing projects can be found through the Hibbing Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Hibbing offers comprehensive resources to facilitate CRE projects:

Market Data & Economic Reports

Access public data sets and reports to gain insights into Hibbing's CRE market dynamics. The city's open data portal provides valuable resources for investors. Brevitas leverages AI-powered aggregation of public data and internal insights, offering users the ability to explore detailed dashboards for Hibbing's CRE market.