Storefront with Dedicated
New
For Sale
$395,000
14 E Calvary Rd, Duluth, MN 55803
COMMERCIAL, Duluth, MN
Property Size1,488 SF
Lot Size0.38 Acres
Price / SF$265.46
Days on Market3
Property Features for 14 E Calvary Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Duluth #709
Middle school district
Duluth #709
High school district
Duluth #709
Directions
Use GPS
Subdivision
LSAR
Standard status
Active
Size
1,488 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6310
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1969
Number of units
1
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 829-2900
Listed By:
Tom Little · License #20167296
(218) 310-3334
Added: Oct 14
Last Checked: Oct 16 at 11:06AM
MLS# 6128494
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property contains 1,488 square feet and sits on a 0.38-acre lot. Built in 1969, the building has a shingle roof and forced-air heating powered by natural gas. Its existing interior layout offers a basis for configuring the space to suit a business’s needs.
Located at 14 E Calvary Rd in Duluth, the property provides 16 dedicated off-street parking spaces for customers and staff.
Located at 14 E Calvary Rd in Duluth, the property provides 16 dedicated off-street parking spaces for customers and staff.
Key Highlights
- 1,488‑square‑foot storefront property
- 0.38‑acre lot
- 16 dedicated off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,062
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,240
$281.2K
Cap Rate 7%
$200,886
$200.9K
Cap Rate 9%
$156,244
$156.2K
Market Conditions
NOI Build-Up for 1,488 SF
Gross rent
$22.3K $15.00/SF
− Vacancy
−$2.2K −$1.50/SF
EGI
$20.1K $13.50/SF
− OpEx
−$6.0K −$4.05/SF
NOI
$14.1K $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%
$281,240
Cap Rate 7%
$200,886
Cap Rate 9%
$156,244
Alternative Uses
Best Use
Retail
$200.9K
$175.8K – $234.4K
NOI $14,062 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$577.2K
$505.1K – $673.4K
NOI $40,405 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55803, MN
17,796
Population
8,690
Households
2
Avg Household Size
43
Median Age
49%
College-Educated
97%
High-School Grad
295.5 sq mi
ZIP Area
60
Density / Sq Mi
$104,250
Median Household Income
$58,758
Median Earnings
$1,391
Median Rent
$300,400
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?
Storefront property - The property includes off-street parking for customers and staff.
Where is this storefront property located?
The property is located at 14 E Calvary Rd Duluth, MN.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,488‑square‑foot storefront property; 0.38‑acre lot; 16 dedicated off‑street parking spaces
