Mountain Iron (2010 Census 2,869) is located in the heart of Minnesota's Arrowhead Region on Highway 169 near Highway 53. The self-proclaimed "Taconite Capital of the World" has an active iron mining industry, growing base of manufacturers and a diversified business community. Commercial and industrial properties, including tax-free JOBZ sites, are available for a variety uses.

As part of the larger Quad Cities area (with nearby Eveleth, Gilbert and Virginia), Mountain Iron offers proximity to quality health care, higher education, a regional airport and many commercial and retail outlets.