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    5 1St St Duluth, MN 55802

    Sponsored
    For Lease
    Contact for pricing

    Historic Retail Building, Two Suites Available

    Lot size:
    9,046 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located in St. Louis County, presents a unique investment opportunity. Built in 1922, this charming building offers two available suites, totaling between 3,850 and 5,196 square feet. The property's prime location boasts high visibility and foot traffic, situated near a thriving retail and restaurant hub. Its strategic proximity to major medical facilities, including the new Essentia Health/St. Mary’s Medical Center and St. Luke’s Hospital, ensures a consistent flow of potential customers. The area also benefits from strong residential occupancy rates, consistently ranging from 90% to 95%, further supporting the property's commercial viability. Enjoy easy access to popular attractions such as Canal Park, the Duluth Entertainment Convention Center, Sheraton, and Holiday Inn & Suites. The surrounding area is home to a variety of established businesses, including Pizza Luce, US Bank, Domino's, Duluth Trading, and Starbucks, creating a vibrant and well-established commercial environment. This property is ideal for businesses seeking a high-traffic location with strong community ties and proximity to essential services. The building's historic character adds to its unique appeal, offering a blend of charm and modern commercial potential. This is a rare opportunity to acquire a well-positioned retail space in a dynamic and growing area.

    Property Features for 5 1St St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,046 SF

    Building Details

    Year Built
    1922

    Unit(s) available at that property

    Space
    Suite 100
    Size
    5,196 SF
    Space
    Suite 101
    Size
    3,850 SF

    HighLights

    • Retail property in St. Louis County, MO.
    • Two suites available, totaling 3,850 - 5,196 square feet.
    • Built in 1922.
    • High‑traffic retail area near Essentia Health/St. Mary's Medical Center and St. Luke's Hospital.
    • Excellent location near Canal Park, hotels, and numerous restaurants and retailers including Pizza Luce, US Bank, Domino's, Duluth Trading, and Starbucks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cove Apartments Apartment Building 50 Below Pool ... Indoor Lodging Leadership Duluth Corporate Office We Give Loans, ... Loan Agency 90 Day Loans, ... Loan Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Duluth
    County
    St Louis
    State
    Minnesota
    Longitude
    -92.0992244
    Latitude
    46.7879677

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Retail Building, Two Suites Available
    Where is this office property / space located?
    The property is located at 5 1St St Duluth, MN.
    What are key features of this property?
    This property features: Retail property in St. Louis County, MO.; Two suites available, totaling 3,850 - 5,196 square feet.; Built in 1922.
    Request Owner's contact information
    5 1St St 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
    5 1St St Duluth, MN 55802
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