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    118 Superior St Duluth, MN 55802

    For Sale
    $895,000

    Prime Duluth location, 5,750 sq ft office.

    Property size:
    5,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This three-story, 5,750 square foot office building in Duluth, Minnesota's vibrant downtown HART District, is offered at $895,000 ($155.65/sq ft). The property boasts a prime location at 118 E Superior St, zip code 55802, and features a main floor adaptable for retail use, a second floor with stunning Lake Superior views, and a full basement with Michigan Street access. An ADA-compliant lift provides convenient access to the upper floors. The second floor's lake views present a high-end condo or Airbnb conversion opportunity. Onsite parking is available. The building sits on a 25x115 lot. Property taxes are to be determined. The building is currently owned by a non-profit organization. This presents a unique opportunity to acquire a versatile property in a rapidly developing area of Duluth.

    Property Features for 118 Superior St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,750 SF

    Building Details

    Buildings
    1
    Stories
    3
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Access North Home Health Care Service Lake Place Inc Accountant

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Law Firm Dental Office Wholesale Shop 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
    -92.09628314071
    Latitude
    46.788397408348

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Duluth location, 5,750 sq ft office.
    Where is this office property / space located?
    The property is located at 118 Superior St Duluth, MN.
    What is the asking price?
    The asking price for this property is $895,000.
    (218) 310-0013
    Request Owner's contact information
    118 Superior St Duluth, MN 55802
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    Duluth, MN 55802
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    Realmo Value Estimation

    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.

    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.

    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
    118 Superior St Duluth, MN 55802
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