Multi-Tenant Retail Salon
222 N Central Ave Duluth, MN 55807
For Sale
$525,000
This storefront retail space includes a 9-chair hair salon setup, a shake shop, and 15 on-site parking spaces.
Property Size2,172 SF
Price / SF$241.71
Days on Market241
Property Features for 222 N Central Ave
General Information
- Standard status
- Active
- Size
- 2,172 SF
Listing Agency:
RE/MAX Results
(218) 393-5900
Listed By:
Trish Kroening
(218) 393-5900
Source:
Exprealty
Added: Nov 25, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:44AM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This commercial storefront property is currently configured for multiple uses, including a vibrant 9-chair hair salon with five shampoo stations, plus an additional nail room. Interior improvements also include a mechanical mop sink area with storage, an updated 1/2 bath, and a spacious entry with display area. A storage room with an office is included as well, supporting back-of-house needs. The second business operates as a shake shop, with menu expansion underway.
The property offers ample parking with 15 spaces and is located next to Super One, supporting convenient customer access.
Overall, the layout is designed around salon-style back-of-house support and retail-facing presentation, with room for at least two distinct operational areas within the same storefront.
The property offers ample parking with 15 spaces and is located next to Super One, supporting convenient customer access.
Overall, the layout is designed around salon-style back-of-house support and retail-facing presentation, with room for at least two distinct operational areas within the same storefront.
Key Highlights
- Commercial storefront currently set up as a 9‑chair hair salon with 5 shampoo stations
- Includes a separate nail room sized for one tech
- Salon area features a mechanical mop sink area with storage and an updated 1/2 bath
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.6k | $15.00 |
| − Vacancy | −$3.3k | −$1.50 |
| EGI | $29.3k | $13.50 |
| − OpEx | −$8.8k | −$4.05 |
| NOI | $20.5k | $9.45 |
2,172 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$842.6K
$737.2K – $983.0K
NOI $58,979 @ 7.0% cap · market cap 11.23%
Second Best
Retail
$293.2K
$256.6K – $342.1K
NOI $20,525 @ 7.0% cap · market cap 3.91%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cold Fusion-West Duluth
Specialty Food Shop
Minnesota Affordable Containers
Shipping Company
Gabnails
Nail Salon
Wanda's Hair Works
Nail Salon
FAQs
What type of property is this?
Retail space - This storefront retail space includes a 9-chair hair salon setup, a shake shop, and 15 on-site parking spaces.
Where is this retail space located?
The property is located at 222 N Central Ave Duluth, MN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Commercial storefront currently set up as a 9‑chair hair salon with 5 shampoo stations; Includes a separate nail room sized for one tech; Salon area features a mechanical mop sink area with storage and an updated 1/2 bath
