Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5514 Grand Ave Duluth, MN 55807

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space for lease in Duluth's southern trade area.

    Property size:
    6,853 SF
    Lot size:
    0.37 Acres

    Property Features for 5514 Grand Ave

    General Information

    Size
    6,853 SF
    Lot size
    0.37 Acres

    We can help!

    Listing Contact
    Chad Sturm
    Chad Sturm
    Source: Moodyscre

    Listing Agency: Upland Real Estate Group Inc Listing Agent: Chad Sturm

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

    Learn more

    Property Insight Report

    Overview

    Retail Space in Duluth

    Located in the southern trade area of Duluth, this retail space is positioned on the main thoroughfare for the area's commuter traffic, with immediate access to I-35. The property benefits from dual access from Grand Avenue and North Central Avenue. It features an open floor plan, allowing for a variety of uses and configurations. Pylon and building signage are available. The zoning is F-3 (Mid-Rise Community Shopping). Area retailers include Menards, SuperOne Foods, Dollar Tree, and O’Reilly. The property has a size of 6,853 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Advance Auto Parts Auto Parts Store UPS Access Point ... Courier Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Duluth
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.1670728
    Latitude
    46.7401282

    Nearby Similar for Lease

    • Contact for pricing
      2,183 SF

      Retail Space with Highway Exposure

      Retail property with excellent highway access and high visibility.
      317-325 W Central Ent, Duluth, MN
      View Details
    • Contact for pricing
      15,000 SF

      Versatile Space in Spirit Valley

      Retail and office space available in West Duluth neighborhood.
      331 N Central Ave, Duluth, MN 55807
      View Details
    • Contact for pricing
      2,800 SF

      Turn-Key Office Space Available

      Prime medical district office space with on-site parking.
      831 E 2Nd St, Duluth, MN 55805
      View Details
    • Contact for pricing
      1,433 SF

      Lincoln Park Retail/Office Opportunity

      Prime corner location in Lincoln Park's Craft District.
      1902 W 1St St, Duluth, MN 55812
      View Details
    • Contact for pricing
      13,225 SF

      Retail Space Near Whole Foods

      Retail space available next to Whole Foods and Menards.
      4528 Grand Ave, Duluth, MN 55807
      View Details
    • Contact for pricing
      2,400 SF

      Lincoln Park Retail Space Available

      Retail space in Lincoln Park Craft District with parking.
      2122 W Superior St, Duluth, MN 55812
      View Details
    • Contact for pricing
      4,882 SF

      Retail Space on Superior Street

      Retail space in Duluth's CBD, surrounded by offices and amenities.
      425 W Superior St, Duluth, MN 55802
      View Details
    • Contact for pricing
      1,000 SF

      East End Office Building For Rent

      Two-story office building in the East End/Medical District.
      1105 E Superior St, Duluth, MN 55802
      View Details
    • Contact for pricing
      27,561 SF

      Class A Office Sublet Opportunity

      High-end Class A office space available for sublease.
      4316 Rice Lake Rd, Duluth, MN 55811
      View Details
    • Contact for pricing
      20,000 SF

      Downtown Duluth Redevelopment Opportunity

      Large street-level space in developing Lincoln Park craft district.
      1701 W Michigan St, Duluth, MN 55806
      View Details
    • Contact for pricing
      21,000 SF

      Spacious Warehouse Near Hart District

      21,000 SF warehouse with garage door access for rent.
      214 E 1St St, Duluth, MN 55802
      View Details
    • Contact for pricing
      500 SF

      Iconic Duluth Building For Rent

      Unique building in Lincoln Park Craft District available for rent.
      2000 W Superior St, Duluth, MN 55812
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease in Duluth's southern trade area.
    Where is this retail space located?
    The property is located at 5514 Grand Ave Duluth, MN.
    What are key features of this property?
    This property features: - Immediate access to I-35; - Located on the main thoroughfare for commuter traffic; - Dual access from Grand Avenue and North Central Avenue
    (612) 436-1122 Call to check price and availability
    Request Owner's contact information
    5514 Grand Ave Duluth, MN 55807
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5514 Grand Ave
    Duluth, MN 55807
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5514 Grand Ave Duluth, MN 55807
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chad Sturm
    Chad Sturm
    Real Estate License ID: 20070429
    (612) 436-1122 (612) 490-3874 (612) 332-6600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!