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Archived over 1 year ago

$375,000

2400 sqft

Unit 1 DeHavilland Street, Saginaw, MN 55779

Lot

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Exclusive Hangar Opportunity Near Downtown Duluth

Searching for premium hangar space—whether for personal use or as a smart investment? Look no further. This is your chance to own one of the few available hangars just 20 minutes from Downtown Duluth, located within the prestigious Superior Aero Estates. Featuring a 3,500’ x 100’ grass runway, this private airpark boasts one of the longest grass runways in Minnesota and it offers convenience and accessibility for aviation enthusiasts. Set against the unparalleled backdrop of 200+ acres of Cloquet Forest, and nearby ATV/Snowmobile trails and Cloquet River, you can land your plane and set off into the woods. Each 60 x 40 hangar will be plumbed for in-floor heating and designed to be insulation-ready, ensuring year-round comfort and efficiency. Hangars are constructed on demand, with a streamlined two-month build process to get you airborne as quickly as possible. Don’t miss this rare opportunity to secure your hangar space in this premier aviation community. Contact us today to learn more! Preferred Financing and Seller Financing options available.

Monthly Association Fee: $137.50
Annual Lot Lease Fee: $250.00

Hangars are being sold via Bill of Sale through a ground lease. Development is subject to Covenants Conditions & Restrictions. Preferred financing is available through local lender - First National Bank of Moose Lake. Seller Financing also available. Contact listing agent for more details. Lake Superior Area Realtors MLS #6118597

Location:

Unit 1 DeHavilland Street, Saginaw, MN 55779

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.