Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1611 Maple Grove Rd Duluth, MN 55811

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4.4-acre commercial lot, prime Duluth location.

    Property Features for 1611 Maple Grove Rd

    General Information

    Property type
    Land
    Lot Size
    191,664 SF

    We can help!

    Listing Contact
    Beth Wentzlaff
    Beth Wentzlaff

    Listing Agency: Consulting, Management & Realty Associates LLC Listing Agent: Beth Wentzlaff

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 4.4-acre commercial land parcel, located at 1611-1633 Maple Grove Rd, Duluth, MN 55811 (APN: 010-2240-00020 +00030+000380), presents a unique investment opportunity in a rapidly developing area. Zoned MU-C, the property boasts excellent visibility and accessibility, situated on a recently reconstructed Maple Grove Rd designed to direct traffic flow from the highway. Surrounded by thriving businesses, including newly constructed apartments (District Flats), a La Quinta Inn, Affinity Credit Union, and a soon-to-open Fairfield Inn and Suites, this location benefits from significant momentum and increased traffic. Utilities are readily available, including City of Duluth water, gas, sewer, and electricity provided by MN Power. The ample lot size allows for substantial building development, ample parking, and convenient ingress/egress. With over 200 neighboring businesses, this property offers a strategic advantage for expansion or new business establishment in the Miller Hill area, where available land is becoming increasingly scarce. This is an exceptional opportunity to capitalize on the growth and development within this dynamic commercial corridor. The asking price is $1,000,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Duluth
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.1591474
    Latitude
    46.8077807

    Nearby Similar for Sale

    • New
      $550,000
      1,400 SF

      Renovated Retail Building in Duluth

      Turnkey retail/office building in Duluth's Lakeside neighborhood.
      4501 E Superior St, Duluth, MN 55804
      View Details
    • $499,900
      8,000 SF

      Downtown Duluth Mixed-Use Building

      Character-filled commercial building with storefronts and event venue.
      21 N Lake Ave, Duluth, MN 55802
      View Details
    • $535,000
      2,172 SF

      Profitable Commercial Space in Duluth

      Turnkey business opportunity with salon and shake shop.
      222 N Central Ave, Duluth, MN 55807
      View Details
    • $375,000
      3,000 SF

      Duluth Multifamily Property For Sale

      Multifamily property in Duluth, MN, near universities and downtown.
      1905-07 E Superior St, Duluth, MN 55812
      View Details
    • $450,000
      2,080 SF

      Mixed-Use Building in Chester Park

      Mixed-use investment in Duluth's Chester Park neighborhood.
      1231 E 9Th St, Duluth, MN 55805
      View Details
    • New
      $399,900
      3,590 SF

      East Hillside Duplex Opportunity

      Two side-by-side duplexes near the lake, schools, and downtown.
      10-12 S 16Th Ave E, Duluth, MN 55812
      View Details
    • $265,000
      2,208 SF

      Duluth Duplex with Lake Views

      Centrally located Duluth duplex with income potential and lake views.
      523 N 1St Ave E, Duluth, MN 55805
      View Details
    • New
      $179,900
      1,610 SF

      Duluth Duplex with Income Potential

      Charming Duluth duplex with income potential in a convenient location.
      620 N 57Th Ave W, Duluth, MN 55807
      View Details
    • New
      $299,900
      2,178 SF

      Classic Duluth Fourplex Opportunity

      Four-unit multifamily property in central Duluth with income potential.
      517 E 5Th St, Duluth, MN 55805
      View Details
    • Contact for pricing
      18,724 SF

      Duluth Office Space For Lease

      Office space available for lease in Duluth, Minnesota.
      925 E Superior St, Duluth, MN 55802
      View Details
    • Contact for pricing
      7,700 SF

      Lincoln Park Retail Opportunity

      Corner retail property in Lincoln Park Craft District.
      2301 W Superior St, Duluth, MN 55812
      View Details
    • $2,357,000

      Two-Tenant Retail in Duluth, MN

      Two-tenant retail property with new 10-year lease in Duluth.
      4615 Grand Ave, Duluth, MN 55807
      View Details

    FAQs

    What type of property is this?
    Land - 4.4-acre commercial lot, prime Duluth location.
    Where is this land located?
    The property is located at 1611 Maple Grove Rd Duluth, MN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 4.4-acre commercial land parcel at 1611-1633 Maple Grove Rd, Duluth, MN 55811 (APN: 010-2240-00020 +00030+000380).; MU-C zoning with excellent visibility and accessibility on a recently reconstructed road.; Prime location near thriving businesses including apartments, hotels, and a credit union, ensuring high traffic.
    (218) 727-0064 Call to check price and availability
    Request Owner's contact information
    1611 Maple Grove Rd Duluth, MN 55811
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1611 Maple Grove Rd
    Duluth, MN 55811
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1611 Maple Grove Rd Duluth, MN 55811
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Beth Wentzlaff
    Beth Wentzlaff
    Real Estate License ID: 54027090
    (218) 727-0064
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!