Two-Story Office Building with
For Sale
Contact for pricing
1330 East Superior Street, Duluth, MN 55805
Flexible office property with loading, on-site parking, and mixed commercial use history.
Property Size31,800 SF
Price / SF$99.06
Days on Market69
Property Features for 1330 East Superior Street
General Information
Standard status
Active
Size
31,800 SF
Property subtype
Retail, Office, Industrial
Occupancy
84%
Net Operating Income
$171,714
Additional Details
Asking Price
$3,150,000
Drive-In Doors
1
Building Details
Year Built
1947
Year Renovated
2023
Buildings
1
Stories
2
Tenancy
Multi
Building Size
31,800 SF
Listing Agency:
Colliers - Minneapolis - St. Paul, Minnesota
Listed By:
Suzanne Schefcik, CCIM · License #MN40710646
(952) 897-7721
Source:
Crexi
Added: Aug 21
Changed: Oct 25
Last Checked: Oct 26 at 2:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Minneapolis - St. Paul, Minnesota
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Investment Insights
Based on property information with market context.
Located at 1330 E. Superior Street in Duluth’s Medical District, this 31,800 SF office building includes two leased floors and a basement with a drive-in door. The property has supported office, medical, warehouse, and light industrial uses, with flexible floor plates and loading capability suited to varied commercial operations.
The building is 84% occupied and includes an established tenant base alongside available space. On-site parking and visibility along a primary commercial corridor support daily access for occupants and visitors. The property is minutes from downtown Duluth, major healthcare institutions, and regional transportation corridors.
The building is 84% occupied and includes an established tenant base alongside available space. On-site parking and visibility along a primary commercial corridor support daily access for occupants and visitors. The property is minutes from downtown Duluth, major healthcare institutions, and regional transportation corridors.
Key Highlights
- 31,800 SF office building in Duluth’s Medical District
- 84% occupancy with an established tenant base
- Two leased floors plus basement with drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,784
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,515,680
$2.5M
Cap Rate 7%
$1,796,914
$1.8M
Cap Rate 9%
$1,397,600
$1.4M
Market Conditions
NOI Build-Up for 31,800 SF
Gross rent
$187.0K $5.88/SF
− Vacancy
−$7.3K −$0.23/SF
EGI
$179.7K $5.65/SF
− OpEx
−$53.9K −$1.70/SF
NOI
$125.8K $3.96/SF
Area
St. Louis County, MN
Vacancy
3.90%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,515,680
Cap Rate 7%
$1,796,914
Cap Rate 9%
$1,397,600
Alternative Uses
Best Use
Flex RnD
$10.69M
$9.35M – $12.47M
NOI $748,366 @ 7.0% cap · market cap 23.76%
Second Best
Office B
$6.30M
$5.51M – $7.35M
NOI $441,114 @ 7.0% cap · market cap 14.00%
Theoretical Best
Specialty Retail
$12.34M
$10.79M – $14.39M
NOI $863,500 @ 7.0% cap · market cap 27.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Drive-in doors
84%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,370
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Flexible office property with loading, on-site parking, and mixed commercial use history.
Where is this office building located?
The property is located at 1330 East Superior Street Duluth, MN.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 31,800 SF office building in Duluth’s Medical District; 84% occupancy with an established tenant base; Two leased floors plus basement with drive‑in door
