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For Sale:  Mountain Iron MLS# 7097558

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Active
$599,900
/mo Edit
Single Family:  1.5 Stories
3 br • 1 ba • Built 1919
1,365 sqft • 5 acres
St. Louis County schools
MLS# 7097558
612-298-2043
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    Property Description

    Incredible Income Potential! Welcome to a truly one-of-a-kind property offering endless possibilities! Situated on approximately 5 picturesque acres, this exceptional property features a beautifully renovated nearly 5, 500-square-foot barn transformed into a stunning event venue that’s ready to impress. From weddings and celebrations to corporate gatherings and private events, the opportunities are as limitless as your imagination. Guests will love the expansive concrete patio, perfect for outdoor entertaining, while the unforgettable grain bin bar creates a unique gathering space illuminated by charming solar lights for unforgettable evenings under the stars. Adding even more value is the tastefully updated, fully furnished 3-bedroom, 1-bath guest house, ideal for short-term rentals, bridal parties, event guests, owner occupancy, or additional income. Major mechanical updates have already been completed, including both septic systems and a durable metal roof on the home, offering peace of mind and long-term reliability. With ample parking space, scenic surroundings, and a layout designed to accommodate large gatherings, this extraordinary property offers the perfect blend of rustic elegance, modern convenience, and exceptional earning potential. Whether you’re looking to expand your business, invest in a unique venue, or create a destination unlike any other, this is an opportunity you won’t want to miss!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $599,900
    Price per sq ft: $439
    Property Type: Single Family
    City: Mountain Iron
    Garage Spaces: 0
    County: St. Louis
    Year Built: 1919
    State: MN
    Property Style: 1.5 Stories
    Zip Code: 55768
    Subdivision Name: Cherry Town Of

    Interior

    Bedrooms: 3
    Bathrooms: 1
    Finished Area: 1,365 ft2
    Total Fireplaces: 0
    Living Area: 1,365 ft2
    Common Wall: No
    Appliances Included:
    • Freezer
    • Range
    • Refrigerator
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: One and One Half
    Garage Spaces: 0
    Air Conditioning: None
    Foundation Size: 780 ft2
    Fencing: None
    Handicap Accessible: None
    Out Buildings: Barn(s)
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Hot Water
    Parking Features: Gravel
    Unit Amenities:
    • Ceiling Fan(s)
    • Kitchen Window
    • Main Floor Primary Bedroom
    • Washer/Dryer Hookup
    Road Frontage:
    • County Road
    • Paved Streets
    Pool: None
    Roof Details:
    • Age 8 Years or Less
    • Metal

    Rooms

    1/4 Baths: None
    Full Baths: None
    Half Baths: None
    3/4 Baths: 1
    Dining/Kitchen: Eat In Kitchen
    Laundry:
    • Main Level
    • Washer Hookup
    Upper Level Size Sq Ft
    Bonus Room  13 x 9  117 
    Bedroom 2  18.6 x 9.6  162 
    Bedroom 3  13 x 9  117 
    Main Level Size Sq Ft
    Bedroom  12 x 10.6  120 
    Kitchen  14 x 13  182 
    Living Room  20 x 13  260 

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 5
    Geolocation: 47.432642, -92.687306
    Lot Dimensions: 465 x 466 x 465 x 458
    Zoning: Residential-Single Family
    Lot Description: Tree Coverage - Light

    Schools

    School District: 2142
    District Phone: 2187498130

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $2,144
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $2,144
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Fuel System: Propane
    Sewer System:
    • Mound Septic
    • Private Sewer
    Water System:
    • Private
    • Well

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Central MN.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.