4615 Grand Ave, Duluth, MN 55807
Two-tenant retail building with new Goodwill lease.
- Added:
- Oct 7, 2025
- Days on Market:
- 273
- Last Refresh:
- May 12 at 9:29 pm
Property Features for 4615 Grand Ave
General Information
- Standard status
- Active
- Size
- 15,631 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1998
Listing office Mid America Real Estate Minneapolis
Listing date Oct 7, 2025
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Mid America Real Estate Minneapolis
HighLights
- Brand new lease with Goodwill.
- Two‑tenant retail building.
- Goodwill occupies 70% of the property.
- Built in 1998.
Overview
Local 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 | $234.5k | $15.00 |
| − Vacancy | −$23.4k | −$1.50 |
| EGI | $211.0k | $13.50 |
| − OpEx | −$63.3k | −$4.05 |
| NOI | $147.7k | $9.45 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.1603527
- Latitude
- 46.7455861
