Virginia, Minnesota: A Premier Destination for Commercial Real Estate

Introduction

Virginia, Minnesota, located in the heart of the Mesabi Iron Range, is a prime location for commercial real estate (CRE) investment. Despite its small size, with a population of just over 8,000, the city boasts a robust economy centered around mining, manufacturing, and growing retail sectors. Virginia's strategic location and natural resources make it an attractive hub for CRE, particularly in the industrial and retail sectors.

Economic and Industry Overview

Virginia is deeply rooted in the mining industry, which significantly influences demand for industrial properties. The city's economy is bolstered by the presence of major mining companies and a growing manufacturing sector. Retail development is also on the rise, driven by both local demand and tourism. Regional economic development initiatives, such as the Iron Range Resources & Rehabilitation Board, support business growth and infrastructure improvements, further enhancing the CRE landscape.

Strategic Location and Transportation Infrastructure

Virginia benefits from a strategic location with access to major highways like U.S. Route 53, facilitating efficient transportation and logistics. The city is serviced by the Range Regional Airport, providing connectivity to larger markets. Additionally, the presence of rail lines supports freight movement, making Virginia a critical logistics hub. For more information, visit the Minnesota Department of Transportation.

Commercial Real Estate Inventory & Zoning

The CRE market in Virginia includes diverse submarkets such as the Central Business District (CBD) and industrial corridors. Key asset classes include industrial, retail, and office spaces. Recent zoning changes have introduced incentives for developers, promoting mixed-use developments and innovation districts. For detailed zoning maps, visit the City of Virginia's zoning viewer.

Major Employers and Institutions

Top employers in Virginia include U.S. Steel, Essar Steel, and the Virginia Regional Medical Center, all driving demand for office and industrial spaces. The city also hosts educational institutions like Mesabi Range College, which contributes to workforce development. For a comprehensive list of businesses, visit the Virginia Economic Development Authority.

Notable Commercial Developments & Projects

Recent developments in Virginia include the Rock Ridge School District's new facilities and expansions at the Virginia Regional Medical Center. The city also benefits from Opportunity Zone designations, encouraging investment in underdeveloped areas. More information can be found on the City of Virginia's planning department page.

Building Permits, Planning, and Development Tools

• Virginia Building and Safety Department
• Permitting Portal
• GIS Parcel Map Viewer
• Planning Commission
• Development Code

Market Data & Economic Reports

Virginia's economic data can be accessed through public datasets from census.gov and the city's open data portal. Brevitas aggregates insights from these sources to provide comprehensive market intelligence. Explore our AI-powered dashboards for more details on Virginia's CRE market.

Why Use Brevitas for Virginia, Minnesota CRE?

Brevitas offers an unparalleled platform for discovering CRE opportunities in Virginia, Minnesota. Our AI-driven tools provide real-time market alerts, smart property pages, and seamless dealroom collaboration. Key features include: - Auto-generated listing pages - Integrated email and landing page tools - Collaboration with brokers and developers - Exclusive listings for premium exposure

Discover the advantages of using Brevitas for your commercial real estate needs in Virginia, Minnesota, and explore our Brevitas city search for the latest listings.