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Office Building with Skywalk Access
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230 W Superior St, Duluth, MN 55802

Multi-tenant office property with secured parking, lake views, and flexible office and storage space.

Property Size98,549 SF
Days on Market145

Property Features for 230 W Superior St

General Information

Standard status Active
Size 98,549 SF
Net Rentable 98,549 SF
Total Parking Spaces 414
Elevators Yes
Property subtype Office
Occupancy 63%
Net Operating Income $549,049

Financials

Asking Price $9,433,800
Cap Rate 9%
Gross Income $610,115

Additional Details

Highway Access Yes

Amenities

Office space that overlooks Lake Superior
Fully-secured lobby areas with bank security surveillance
Skywalk access throughout downtown Duluth, including skywalk access across I-35 to the Duluth Economic Convention center / Lake Superior
Within walking distance of multiple restaurants/coffee shops
Flex space available
Storage options
Within walking distance of fitness center (YMCA is a block away)

Building Details

Year Renovated 2017
Buildings 1
Building Size 98,549 SF
Tenancy Multi
Owner Occupied No
Listing Agency: Sterling Management, LLC
Listed By: Lucas Seltvedt · License #ND 11242
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 2:08PM

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 Sterling Management, LLC

Investment Insights

Based on property information with market context.

Located at 230 W Superior St in Duluth, this office building offers 98,549 rentable square feet across a multi-tenant configuration. The property is 63% occupied by 16 tenants, with 35,344 square feet available, including 34,135 square feet of office space and 1,199 square feet of storage. Available features include flex space, storage options, secured lobby areas, and elevator access with floor-specific fob controls.

Tenants receive priority access to a 414-space parking deck and connected skywalk routes serving downtown Duluth, including access across I-35 to the Duluth Economic Convention Center and Lake Superior. Office areas include views of Lake Superior, while restaurants, coffee shops, and a YMCA are within walking distance. The building fronts I-35, which sees 65,000 vehicles per day, and exterior signage is available to a user occupying 17,000 SF or more. Building improvements include a 2012 roof and chiller replacement, 2014 elevator modernization, 2016 HVAC controls upgrades, and 2017 triple-pane window replacement with exterior tuck-point work.

Key Highlights

  • 98,549 rentable SF office building with 63% occupancy across 16 tenants
  • 35,344 SF available: 34,135 SF office space and 1,199 SF storage
  • 414‑space parking deck with secure priority parking for building tenants

Property Analytics

Current Use

Alliance Inc Maintenance Landscaping Anderson Michelle CPA Medical Clinic Dodge Diana B Medical Clinic Toshiba Business Solutions Big Box & Wholesale Store Gregorich & Matack Family ... Dental Office

Suggested Use

Top Pick Barber Shop Garden Center (Bike/Boat/Book/etc) Store Auto Parts Store Veterinary Clinic Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

63%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,610
Businesses Nearby

Demographics for 55802, MN

2,544
Population
1,529
Households
1.7
Avg Household Size
54
Median Age
45%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
978
Density / Sq Mi
$40,850
Median Household Income
$42,266
Median Earnings
$596
Median Rent
$479,700
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Multi-tenant office property with secured parking, lake views, and flexible office and storage space.
Where is this office building located?
The property is located at 230 W Superior St Duluth, MN.
What are key features of this property?
This property features: 98,549 rentable SF office building with 63% occupancy across 16 tenants; 35,344 SF available: 34,135 SF office space and 1,199 SF storage; 414‑space parking deck with secure priority parking for building tenants
More about this property
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