831 E 2nd St, Duluth, MN
Prime medical district office space with on-site parking.
- Added:
- Nov 24, 2025
- Days on Market:
- 204
- Last Refresh:
- May 20 at 8:20 pm
Property Features for 831 E 2nd St
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Lot size
- 0.08 Acres
- Property subtype
- OFFICE
Properties For Sale
at 831 E 2nd St Contact us
Listing agent Greg Follmer License #27078 (218) 310-0013
Listing office Greg Follmer Commercial Real Estate (218) 310-0013
Listing date Nov 24, 2025
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Greg Follmer Commercial Real Estate
HighLights
- Turn‑Key office space ready for immediate occupancy
- Prime Medical District location
- On‑site parking for convenience
- Reception area to welcome clients and guests
- Private offices for focused work
- Kitchen and restrooms available
Overview
Local Financial Insights For Healthcare Medical
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 | $116.3k | $41.52 |
| − Vacancy | −$14.9k | −$5.31 |
| EGI | $101.4k | $36.21 |
| − OpEx | −$40.6k | −$14.48 |
| NOI | $60.8k | $21.72 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.0895
- Latitude
- 46.7969
