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    5906 Old Miller Trunk Hwy Duluth, MN 55811

    Sponsored
    For Sale
    $795,000

    Turnkey Restaurant, 13,548 SF, 4 Acres

    Property size:
    13,548 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property in Duluth, Minnesota, presents a compelling investment opportunity. Located at 5906 Old Miller Trunk Hwy, this 13,548 square foot building currently houses the Cast Iron Bar & Grill restaurant and sits on a generous 4.04-acre lot. The asking price is $795,000, translating to $58.68 per square foot. The property boasts a recently installed roof with a 20-year warranty, a resurfaced blacktop parking area, and significant recent upgrades to the restaurant itself. Other features include steel siding, a substantial outdoor patio ideal for dining or events, and a garage currently used for storage and outdoor functions. The property is zoned MU-4 & RES-9, offering flexibility for a variety of uses, including continued operation as a restaurant, redevelopment, or other commercial ventures. The existing building is in excellent condition, making it an attractive turnkey opportunity for a new owner. Parcel numbers are 380-0010-07610 and 380-0010-08115. This prime location in Duluth, with its ample space and versatile zoning, presents significant potential for future growth and profitability. The property's size and existing infrastructure make it an ideal candidate for expansion or adaptation to suit a wide range of business needs. This is a rare chance to acquire a well-maintained, established property with significant upside potential in a desirable location.

    Property Features for 5906 Old Miller Trunk Hwy

    General Information

    Property type
    Retail properties
    Square Feet
    13,548 SF
    Lot Size
    175,982 SF

    HighLights

    • $795,000 asking price for a mixed‑use, retail development property.
    • 13,548 square feet on a 4.04‑acre lot.
    • $58.68 price per square foot.
    • MU‑4 & RES‑9 permitted zoning.
    • Located at 5906 Old Miller Trunk Hwy, Duluth, MN 55811 (APN: 380‑0010‑07610; 380‑0010‑08115).
    Property Profile Location Intelligence

    Current Use by Public Records

    Cast Iron Bar & Grill

    Suggested Use

    Restaurant Realty agency Building Supply Auto Repair Shop Gym & Fitness Department Store HVAC Service Bar & Pub Discount Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Duluth
    County
    St Louis
    State
    Minnesota
    Longitude
    -92.302274
    Latitude
    46.8580046

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    FAQs

    What type of property is this?
    Retail property - Turnkey Restaurant, 13,548 SF, 4 Acres
    Where is this retail property located?
    The property is located at 5906 Old Miller Trunk Hwy Duluth, MN.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: $795,000 asking price for a mixed-use, retail development property.; 13,548 square feet on a 4.04-acre lot.; $58.68 price per square foot.
    Request Owner's contact information
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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
    5906 Old Miller Trunk Hwy Duluth, MN 55811
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