Mixed-Use Property with Open Floor
1132 E 9th St, Duluth, MN 55805
For Sale
$350,000
COMMERCIAL, Duluth, MN
Property Size1,891 SF
Lot Size0.16 Acres
Price / SF$185.09
Days on Market97
Property Features for 1132 E 9th St
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Basement
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
Size
Lot size
Additional Details
Currently Operating
Mixed-Use Components
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Amenities
kitchenette
half bath
ample storage
Building Details
Year built
Number of units
Roof type
Listing Agency:
RE/MAX Results · RE/MAX International
Listed By:
Tracy Ramsay · License MN #40762684
(952) 829-2900
Added: Aug 7
Changed: Oct 27
Last Checked: Nov 11 at 3:06AM
MLS# 6127238
Copyright © 2026 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,891-square-foot mixed-use property, built in 1914, is arranged with an open main-level area, kitchenette, half bath and storage. The rear section contains two bedrooms, a living room and a full bath, plus an area that could be returned to kitchen use. The property is currently operating as a hair salon and has newer mechanicals. Heating is hot water, and the roof includes rubber and shingle materials.
Set near downtown Duluth and served by a bus line, the property sits on a 0.16-acre lot. Off-street parking accommodates four vehicles.
Set near downtown Duluth and served by a bus line, the property sits on a 0.16-acre lot. Off-street parking accommodates four vehicles.
Key Highlights
- 1,891 square feet on a 0.16‑acre lot
- Currently operating as a hair salon
- Open main‑level area with kitchenette, half bath and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,870
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,400
$357.4K
Cap Rate 7%
$255,286
$255.3K
Cap Rate 9%
$198,556
$198.6K
Market Conditions
NOI Build-Up for 1,891 SF
Gross rent
$28.4K $15.00/SF
− Vacancy
−$2.8K −$1.50/SF
EGI
$25.5K $13.50/SF
− OpEx
−$7.7K −$4.05/SF
NOI
$17.9K $9.45/SF
Area
St. Louis County, MN
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,400
Cap Rate 7%
$255,286
Cap Rate 9%
$198,556
Alternative Uses
Best Use
Mixed Use
$611.3K
$534.9K – $713.2K
NOI $42,790 @ 7.0% cap · market cap 12.23%
Second Best
Retail
$255.3K
$223.4K – $297.8K
NOI $17,870 @ 7.0% cap · market cap 5.11%
Theoretical Best
Specialty Retail
$733.5K
$641.9K – $855.8K
NOI $51,348 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,400
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
Toppers Pizza
Dining
1,934 visits/mo
0.1 miles
Cenex
Shops & Services
1,848 visits/mo
0.1 miles
Demographics for 55805, MN
9,731
Population
5,430
Households
1.8
Avg Household Size
31
Median Age
37%
College-Educated
93%
High-School Grad
1.4 sq mi
ZIP Area
6,951
Density / Sq Mi
$43,077
Median Household Income
$26,309
Median Earnings
$984
Median Rent
$171,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines a salon-style main level with a separate residential area and off-street parking.
Where is this mixed-use property located?
The property is located at 1132 E 9th St Duluth, MN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,891 square feet on a 0.16‑acre lot; Currently operating as a hair salon; Open main‑level area with kitchenette, half bath and storage
