1017 Central Entrance Duluth, MN 55811
This exceptional investment opportunity presents a fully leased, two-story retail building totaling 5,849 square feet (with potential expansion to 6,000 sq ft) situated on a 0.27-acre lot (11,160 sq ft) in Duluth, Minnesota. The property, constructed in 1994 and extensively renovated, enjoys a prime location on West Central Entrance, a high-traffic corridor boasting 21,548 vehicles per day (2023 data). The building features 14 dedicated parking spaces, supplemented by reciprocal access agreements with neighboring lots, ensuring ample parking for tenants and customers. The tenant roster includes a mix of established businesses, anchored by a long-term national tenant, Cold Stone Creamery, and further complemented by Lake Superior Dispensary and Edward Jones. All tenants operate under triple-net (NNN) leases, providing a passive income stream and minimizing landlord responsibilities. This presents a rare chance to acquire a stable, high-performing asset in a thriving commercial area, offering both immediate returns and significant long-term growth potential. The property's strong tenant mix, excellent visibility, and convenient location make it an ideal investment for those seeking a low-maintenance, high-yield commercial property in a dynamic Duluth market. The asking price is $2,650,000.
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Cold Stone Creamery Grocery & Convenience Store Specialty Food Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.