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    301 1St St Duluth, MN 55802

    Sponsored
    For Lease
    Contact for pricing

    74,000 SF Office Space, 23,465 SF Vacant

    Lot size:
    74,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    The Board of Trade, a magnificent 74,000 square foot office building located at 301-307 W 1st St, Duluth, MN 55802, presents a unique investment opportunity. Built in 1895 in St. Louis County, this property offers a blend of traditional office space and coworking potential, accommodating multiple tenants. Currently, there are 23,465 square feet of vacant space available, ranging from 487 to 8,299 square feet. Recent renovations have significantly enhanced the building's appeal, including the polishing of all brass doors and fittings, a thorough cleaning of commercial windows, and the caulking of windows to prevent air penetration. New awnings have been installed, and custom rugs have been added to the building entryways. The removal of existing window air conditioning units has streamlined the aesthetic, and touch-up painting has refreshed the interior. A new access panel for visitors has been added for improved convenience. Further enhancements are planned, potentially including tree plantings in collaboration with the city. This historic building offers a compelling opportunity for businesses seeking a prestigious and well-maintained office space in a vibrant Duluth location. The building's substantial size and flexible layout cater to a variety of tenant needs, making it an ideal investment for both traditional office users and those seeking a modern coworking environment.

    Property Features for 301 1St St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    74,000 SF

    Building Details

    Year Built
    1895

    Unit(s) available at that property

    Space
    Suite 22
    Size
    563 SF
    Space
    Suite 132
    Size
    838 SF
    Space
    Suite 131
    Size
    487 SF
    Space
    Suite 200
    Size
    903 SF
    Space
    Suite 10
    Size
    1,324 SF
    Space
    Suite 20
    Size
    2,526 SF
    Space
    8th Floor
    Size
    6,223 SF
    Space
    Suite 202
    Size
    1,152 SF
    Space
    Suite 203
    Size
    1,150 SF
    Space
    9th Floor
    Size
    8,299 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Inner Fokus Mental Health Clinic Dr. Patrick Aleknavicius Psychologist Northern Waters Photography Photographer Schindler Elevator Corporation Elevator Service Minnesota Department Public ... Police Department

    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
    -92.1034726
    Latitude
    46.7845957

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    FAQs

    What type of property is this?
    Coworking space - 74,000 SF Office Space, 23,465 SF Vacant
    Where is this coworking space located?
    The property is located at 301 1St St Duluth, MN.
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    301 1St 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
    301 1St St Duluth, MN 55802
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