5906 Old Miller Trunk HwyDuluth, MN 55811

For Sale
$795,000

Turnkey Restaurant, 13,548 SF, 4 Acres

Overview

Added:
Dec 11, 2024
Days on market:
91
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.

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 Details for 5906 Old Miller Trunk Hwy

Property type
Other retail properties, Other mixed-use properties
Square Feet
13,548 SF
Lot Size (sq. ft)
175,982 SF

Location Insight

City
Duluth
County
St Louis
State
Minnesota
Latitude
46.8580046
Longitude
-92.302274
5906 Old Miller Trunk Hwy, Duluth, Minnesota
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5906 Old Miller Trunk Hwy
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