1017 Central Entrance Duluth, MN 55811
- Retail properties
- 0.27 lot acres
Current Use by Public Records
- Cold Stone Creamery / Ice Cream Shop / Cake Shop
Property Details for 1017 Central Entrance
- Year built
- 1994
- Lot size
- 0.27 lot acres
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis County
- State
- Minnesota
- Longitude
- -92.1509
- Latitude
- 46.8039
