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Additional details
Listed by Ryan Bayless • RE/MAX Results
$2,650,000
Est. payment /mo
0.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Mn
MLS Listing ID 6117098
Year Built 1994
Annual Tax Amount $17,838
Tax Year 2024
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Retail
Property Description
This premier commercial property is a rare opportunity to own a fully leased asset in the heart of Duluth's busiest retail and business corridor. Built in 1994 and with numerous renovations, the two-story, 5,849 sq. ft. building (possibility to make it 6,000 sq ft) sits on a 11,160 sq. ft. lot and features 14 dedicated parking spaces with REA agreements in place for shared access to surrounding parking lots. Anchored by a long-term national tenant – Cold Stone Creamery, the property boasts a diverse and stable tenant mix that includes Lake Superior Dispensary, Edward Jones, all operating under NNN leases for a truly hands-off investment experience. Situated on Central Entrance, the property enjoys outstanding visibility with 21,548 cars per day (2023). This high-traffic corridor places the property in a prime position to attract and retain top-tier tenants. With a stabilized income stream, modernized facilities, and proximity to key commercial activity, this property offers investors both stability and growth potential. Don't miss this opportunity to own a landmark asset in one of Duluth's most dynamic commercial hubs. Call today for more information or to schedule a private tour.
Location
State MN
Area Lsar
Rooms
Basement Slab
Interior
Heating Forced Air, Natural Gas
Cooling Central
Exterior
Exterior Feature Stucco
Roof Type Tar/Gravel
Building
Sewer City
Water City
Others
Acceptable Financing Cash, Conventional, Special Funding
Listing Terms Cash, Conventional, Special Funding
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