Drive-Through
For Sale
Contact for pricing
1810 London Rd, Duluth, MN 55812
A remodeled restaurant building offers existing space for fast-casual dining or site redevelopment.
Property Size1,759 SF
Price / SF$567.37
Days on Market8
Property Features for 1810 London Rd
General Information
Standard status
Active
Size
1,759 SF
Property subtype
RETAIL
Building Details
Year Renovated
2022
Listing Agency:
Greg Follmer Commercial Real Estate
Listed By:
Greg Follmer · License #27078
(218) 310-0013
Source:
Moodyscre
Added: Oct 9
Changed: Oct 15
Last Checked: Oct 16 at 10:32AM
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 Greg Follmer Commercial Real Estate
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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 drive-through restaurant property includes a 1,759-square-foot building that was extensively remodeled in 2022. The existing structure is described as being in excellent condition, with the site also presented as suitable for redevelopment.
The property occupies a corner lot at 1810 London Rd in Duluth, Minnesota. Drive-through functionality and on-site parking are identified as site features. Equipment information is available upon request.
The property occupies a corner lot at 1810 London Rd in Duluth, Minnesota. Drive-through functionality and on-site parking are identified as site features. Equipment information is available upon request.
Key Highlights
- 1,759‑square‑foot restaurant building
- Extensively remodeled in 2022
- Corner‑lot location at 1810 London Rd in Duluth, Minnesota
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,764
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,280
$955.3K
Cap Rate 7%
$682,343
$682.3K
Cap Rate 9%
$530,711
$530.7K
Market Conditions
NOI Build-Up for 1,759 SF
Gross rent
$73.0K $41.52/SF
− Vacancy
−$9.3K −$5.31/SF
EGI
$63.7K $36.21/SF
− OpEx
−$15.9K −$9.05/SF
NOI
$47.8K $27.15/SF
Area
St. Louis County, MN
Vacancy
12.80%
Lease Rate
$41.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,280
Cap Rate 7%
$682,343
Cap Rate 9%
$530,711
Alternative Uses
Best Use
Specialty Retail
$682.3K
$597.1K – $796.1K
NOI $47,764 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 54%
Dining 46%
Burggraf's Ace Hardware
Home Improvements & Furnishings
4,431 visits/mo
0.5 miles
Dunn Bros Coffee
Dining
3,820 visits/mo
0.5 miles
Demographics for 55812, MN
10,571
Population
3,954
Households
2.7
Avg Household Size
27
Median Age
60%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
5,564
Density / Sq Mi
$66,961
Median Household Income
$16,485
Median Earnings
$1,216
Median Rent
$301,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - A remodeled restaurant building offers existing space for fast-casual dining or site redevelopment.
Where is this drive through restaurant located?
The property is located at 1810 London Rd Duluth, MN.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 1,759‑square‑foot restaurant building; Extensively remodeled in 2022; Corner‑lot location at 1810 London Rd in Duluth, Minnesota
