2301 Commonwealth Ave, Duluth, MN 55808
Foundry with three buildings, easy access to Interstate 35.
- Added:
- Jun 14, 2024
- Days on Market:
- 731
- Last Refresh:
- May 12 at 8:47 pm
Property Features for 2301 Commonwealth Ave
General Information
- Standard status
- Active
- Size
- 33,656 SF
- Property subtype
- Industrial
Listing agent Dave Holappa License #MN 20363022
Listing office Holappa Commercial Real Estate
Listing date Jun 14, 2024
Source Crexi
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 Holappa Commercial Real Estate
HighLights
- Larger parcel size
- Three buildings included
- Currently operated as a foundry
- For sale
- Easy access to Interstate 35
- Additional property details available
Overview
Local Financial Insights For Industrial
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 | $197.9k | $5.88 |
| − Vacancy | −$7.7k | −$0.23 |
| EGI | $190.2k | $5.65 |
| − OpEx | −$57.1k | −$1.70 |
| NOI | $133.1k | $3.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.2277746
- Latitude
- 46.6803727
