4615 Grand Ave - Freestanding FOR SALE
Duluth, MN 55807 |
$2,525,000 USD
952-563-6605
4615 Grand Ave
Duluth, MN 55807
HIGHLIGHTS
- New 10-Year Goodwill Lease (October 2024)
- Busy Intersection with 20,803 VPD
- "Hidden Gem" West Duluth neighborhood with 30k+ people within 3 miles
- College town with over 25,000 students
- Duluth is the 2nd largest economy in the state with a trade area of over 548k people
- Duluth has a low retail vacancy rate of 2% with high barriers to entry
OVERVIEW
• New 10-Year Goodwill Lease (Opening March 2025)
• Busy Intersection with 20,803 VPD
• "Hidden Gem" West Duluth neighborhood with 30k+ people within 3 miles
• College town with over 25,000 students
• Duluth is the 2nd largest economy in the state with a trade area of over 548k people
• Duluth has a low retail vacancy rate of 2% with high barriers to entry
• Goodwill True North has 100+ year history with 11 stores across Northern Minnesota and Wisconsin
FOR SALE DETAILS
PRICE
$2,525,000 USD
PRICE/SF
$162 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Duluth 4615 Grand
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Light Distribution
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
39
LAND DETAILS
LAND ACRES
0.9 AC
LAND SF
39,204 SF
ZONING
MU-N
APN/PARCEL ID
010361008730
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952-563-6605
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952-563-6605
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