1017-1019 W Central Entrance - Freestanding FOR SALE


Duluth, MN 55811
$2,650,000 USD
218-336-7944
1017-1019 W Central Entrance, Duluth, MN for Sale
$2,650,000 USD
Freestanding - FOR SALE
1/7
null | 4.33% Cap Rate

1017-1019 W Central Entrance
Duluth, MN 55811


HIGHLIGHTS

  • Incredible Location in Duluth’s busiest commercial corridor.
  • x4 NNN Tenants
  • Absolute NNN model
  • Long-term National Anchor Tenant (Cold Stone Creamery)
  • Outstanding Visibility
  • 21,548 Cars per Day (2023)

OVERVIEW

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 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, and Med Spa, all operating under NNN leases for a truly hands-off investment experience. Situated on W 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. Contact us today for more information or to schedule a private tour.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$709 USD /SF

CAP RATE

4.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Debora Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

MU-C

APN/PARCEL ID

010444500032

ASK ABOUT THIS PROPERTY

Ryan BaylessRE/MAX ResultsMore Info
218-336-7944

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Ryan BaylessRE/MAX ResultsMore Info
218-336-7944

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.