Medical Office Building For
925 E Superior St, Duluth, MN 55802
For Sale
Contact for pricing
Medical office building in the heart of the Medical District.
Property Size18,724 SF
Price / SF$160.22
Days on Market282
Property Features for 925 E Superior St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
Encompass Real Estate Services
Listed By:
Ben Norton · License MN #40754517
(218) 720-3712
Source:
Crexi
Added: Feb 2
Changed: Nov 4
Last Checked: Nov 8 at 7:46AM
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 Encompass Real Estate Services
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Investment Insights
Based on property information with market context.
This medical office building is located in the heart of the Medical District. The property features dual parking lots on both sides of the building and multiple entrances from Superior Street. Alley access provides additional convenience. The property is well-suited for owner-users or investors seeking a functional and accessible healthcare property in a premier location. The building has a size of 18724 square feet.
Key Highlights
- Premier location in the heart of the Medical District.
- Well‑suited for owner‑users or investors.
- Dual parking lots on both sides of the building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$259,730
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,194,600
$5.2M
Cap Rate 7%
$3,710,429
$3.7M
Cap Rate 9%
$2,885,889
$2.9M
Market Conditions
NOI Build-Up for 18,724 SF
Gross rent
$467.4K $24.96/SF
− Vacancy
−$121.0K −$6.46/SF
EGI
$346.3K $18.50/SF
− OpEx
−$86.6K −$4.62/SF
NOI
$259.7K $13.87/SF
Area
St. Louis County, MN
Vacancy
25.90%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,194,600
Cap Rate 7%
$3,710,429
Cap Rate 9%
$2,885,889
Alternative Uses
Best Use
Healthcare Medical
$5.81M
$5.08M – $6.78M
NOI $406,746 @ 7.0% cap · market cap 13.56%
Second Best
Office B
$3.71M
$3.25M – $4.33M
NOI $259,730 @ 7.0% cap · market cap 8.66%
Theoretical Best
Specialty Retail
$7.26M
$6.36M – $8.47M
NOI $508,433 @ 7.0% cap · market cap 16.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,872
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55802, MN
2,544
Population
1,529
Households
1.7
Avg Household Size
54
Median Age
45%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
978
Density / Sq Mi
$40,850
Median Household Income
$42,266
Median Earnings
$596
Median Rent
$479,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building in the heart of the Medical District.
Where is this medical office space located?
The property is located at 925 E Superior St Duluth, MN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Premier location in the heart of the Medical District.; Well‑suited for owner‑users or investors.; Dual parking lots on both sides of the building.
