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    4609-4615 Grand Ave Duluth, MN 55807

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    For Sale
    $2,357,000

    Retail property in Duluth's West Duluth neighborhood.

    Property size:
    15,631 SF
    Lot size:
    0.91 Acres

    Property Features for 4609-4615 Grand Ave

    General Information

    Size
    15,631 SF
    Lot size
    0.91 Acres

    Source: Mid-America Real Estate-Minnesota LLC Agent Amy Senn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property in West Duluth

    This retail property is located in the West Duluth neighborhood, an area described as a 'hidden gem'. The surrounding area has a population of over 30,000 people within a 3-mile radius. The property benefits from a busy intersection with a traffic volume of 20,803 vehicles per day. The city of Duluth has a low retail vacancy rate of 2% and is the second largest economy in the state, serving a trade area of over 548,000 people. A new 10-year lease is in place with Goodwill, with net income increasing by an average of 2.79% annually during the first 5 years. Goodwill True North has a history of over 100 years, operating 11 stores across Northern Minnesota and Wisconsin. The property has a new silicone roof coating with a 15-year total system warranty. The area is a college town with over 25,000 students. The property has a size of 15,631 square feet.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Garden Center

    Location Insight

    • Map
    • Local Demand
    City
    Duluth
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.1603527
    Latitude
    46.7455861

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    FAQs

    What type of property is this?
    Storefront property - Retail property in Duluth's West Duluth neighborhood.
    Where is this storefront property located?
    The property is located at 4609-4615 Grand Ave Duluth, MN.
    What is the asking price?
    The asking price for this property is $2,357,000.
    What are key features of this property?
    This property features: - New 10-Year Goodwill Lease with increasing net income (2.79% annually on average for the first 5 years).; - Located in a busy intersection with high traffic volume (20,803 VPD).; - Low retail vacancy rate (2%) in Duluth with high barriers to entry.
    (952) 897-7833
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    4609-4615 Grand Ave Duluth, MN 55807
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    Duluth, MN 55807
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4609-4615 Grand Ave Duluth, MN 55807
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