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For Sale

Walgreens

5474 Mountain Iron Dr, Virginia, MN 55792

Located in the heart of Minnesota’s scenic Iron Range, Virginia is a dynamic regional hub with a rich industrial history and a growing commercial landscape. The area surrounding Walgreens in Virginia, MN, offers a strategic location for retail investors, benefitting from steady consumer traffic and regional draw. Positioned along the bustling US Highway 53 corridor, the location enjoys high visibility and direct access to Duluth (just over an hour south) and the Canadian border to the north, making it a key connector in northeastern Minnesota. Virginia is home to major national retailers including Walmart Supercenter, Target, and Menards, all within close proximity, reinforcing the area’s strength as a retail destination. The nearby Thunderbird Mall continues to serve as a regional shopping center, attracting residents from across the Iron Range for both convenience and variety. Dining and daily needs are met by familiar brands such as McDonald’s, Culver’s, and Applebee’s, along with several locally owned establishments that reflect the community’s character. Recreational and lifestyle amenities also support the area’s long-term appeal. Virginia is bordered by lakes and forests that offer year-round outdoor activities, while nearby destinations like Giant's Ridge Ski Resort and the Mesabi Trail enhance tourism and visitor traffic. With a stable population base, regional healthcare facilities like Essentia Health, and educational institutions such as Mesabi Range College, the area presents strong fundamentals for retail success. This setting offers investors a compelling mix of regional stability, commercial synergy, and long-term growth potential.a

Key features

  • 1.28 Acres Site
  • AADT Approaching 20,000 Vehicles Per Day
  • Build To Suit In 2006
  • Choice Corner Location
  • Efficient 13,650 S.F. Building w/ Drive-Thru
  • Lighted Intersection Along U.S. Highway 53
  • Low Rent Of $275,000 Per Year
  • Store Sales Exceeding $2.8MM
  • Surrounded By National Retailers Including Target, Menards, Aldi, AutoZone, McDonald's, Dollar Tree, Hobby Lobby, Caribou And Many More.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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Contacts

broker
Michael Marzinske

Encore Real Estate Investment Services

Building Details

  • For Sale $3,250,000
  • Property Type Retail - Freestanding
  • Property Size 13,650 SF
  • Lot Size 1.28 Acre
  • Property Tenancy Single Tenant
  • Year Built 2006
  • Date Updated May 14, 2026

Getting Around

  • Walk Score ®

    Somewhat Walkable (53)
  • Bike Score ®

    Somewhat Bikeable (44)
Powered by Walk Score ®

Location

  • City Virginia, MN
  • Zip Code 55792
  • Map
  • Street

Points of Interest

Holiday

0.49 miles

Spur

0.68 miles

Lucky 7 Diesel

1.16 miles

Clark

1.31 miles

Freedom Valu Centers

1.31 miles

Old Time Oil

3.84 miles

Kim's Oil Co.

4.75 miles

ICO Spur

4.79 miles

Visitor Parking

0.92 miles

Unpaved Parking

1.01 miles

Permit Parking

1.03 miles

Private Parking

1.04 miles

Gravel Lot

1.15 miles

Private

1.16 miles

Library

1.17 miles

Herberger's

0.24 miles

ALDI

0.38 miles

Target

0.56 miles

Super One Foods

0.58 miles

Natural Harvest Food Cooperative

1.33 miles

Walmart Supercenter

1.55 miles

5474 Mountain Iron Dr Listing Summary

  • What is the asking price at Walgreens?

    Walgreens is currently listed for sale at Contact for pricing.

  • What is the total size of Walgreens?

    Walgreens has a total of 13,650 square feet.

  • What is the year built for Walgreens?

    The year built for Walgreens is 2006.

Contact Listing Broker
broker
Michael Marzinske

Encore Real Estate Investment Services

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