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    4628 Mike Colalillo Dr Duluth, MN 55807

    Sponsored
    For Sale
    $3,300,000

    20,000 SF, One-Level Office Space

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional single-story office building, located at 4628 Mike Colalillo Dr in Duluth, Minnesota, presents a rare opportunity. Boasting 20,000 square feet of meticulously maintained space, this property is ideally situated in a high-quality business park, offering excellent visibility from I-35. Built in 1996, the building sits on a two-acre lot (APN: 010-3599-00150 / 010-3599-00102) and features a fully built-out interior. The layout includes numerous private offices, ample conference rooms, and unparalleled on-site parking, providing employees with a secure and convenient work environment. Recent upgrades include a complete roof replacement and the installation of all new HVAC units in 2021, ensuring long-term efficiency and minimal maintenance costs. The asking price for this turnkey operation is $3,300,000. This property offers a unique blend of functionality, location, and modern amenities, making it an ideal investment for businesses seeking a substantial and well-equipped office space in a desirable Duluth location. The property's size and features make it a highly sought-after asset in the current market. Don't miss this chance to acquire a prime commercial property in a thriving area.

    Property Features for 4628 Mike Colalillo Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    20,000 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    1996
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -92.1572363
    Latitude
    46.7428516

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    FAQs

    What type of property is this?
    Office Property / Space - 20,000 SF, One-Level Office Space
    Where is this office property / space located?
    The property is located at 4628 Mike Colalillo Dr Duluth, MN.
    What is the asking price?
    The asking price for this property is $3,300,000.
    (218) 310-0013
    Request Owner's contact information
    4628 Mike Colalillo Dr Duluth, MN 55807
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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
    4628 Mike Colalillo Dr Duluth, MN 55807
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