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    5289 Rice Lake Rd Duluth, MN 55803

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    For Sale
    $895,000

    Retail building with production space and storage.

    Property size:
    8,832 SF
    Lot size:
    2.27 Acres

    Property Features for 5289 Rice Lake Rd

    General Information

    Size
    8,832 SF
    Lot size
    2.27 Acres

    Source: Greg Follmer Commercial Real Estate Agent Greg Follmer

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

    Overview

    Commercial Building on Rice Lake

    This commercial building, constructed in 1997, is located on Rice Lake Road in Duluth, Minnesota. The building offers highway access and visibility. The property has a total size of 8,832 square feet. The main floor is suitable for retail operations, with a back area designed for production space. The entire upper level is open and can be used for product storage. The upper level could also be improved to rental units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Artistic Anglers Taxidermist

    Suggested Use

    Building Supply Auto Repair Shop Electrical Service Furniture Store Bike Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Duluth
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.1542296
    Latitude
    46.8933844

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    FAQs

    What type of property is this?
    Retail space - Retail building with production space and storage.
    Where is this retail space located?
    The property is located at 5289 Rice Lake Rd Duluth, MN.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - High-quality commercial building constructed in 1997; - Prime visibility and Highway 4 all-weather road access; - Main floor suitable for retail with back production space
    (218) 310-0013
    Request Owner's contact information
    5289 Rice Lake Rd Duluth, MN 55803
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    Duluth, MN 55803
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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
    5289 Rice Lake Rd Duluth, MN 55803
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