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    OFF-MARKET
    Land

    0 Rice Lake Rd, Duluth, MN 55811

    12.53 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 12.53-acre commercial land parcel presents a unique investment opportunity in Duluth, Minnesota. Located on Rice Lake Road, this property boasts a highly desirable MU-I zoning designation, opening doors to a wide range of development possibilities. Its elevated position offers stunning views and excellent visibility from Rice Lake Road, ensuring high traffic exposure. The expansive lot size provides ample space for large-scale projects, making it ideal for major medical facilities, educational institutions, governmental buildings, or other significant institutional developments. The property's strategic location provides easy access to all areas of Duluth, enhancing its overall appeal and potential for significant return on investment. The asking price is $2,500,000. The property's Assessed Parcel Number (APN) is 010-2710-03948. This prime site offers unparalleled potential for developers seeking a prominent location with exceptional zoning flexibility in a thriving Minnesota city. The property's size and zoning make it suitable for a variety of uses, catering to a broad spectrum of potential buyers and investors. Its elevated position ensures visibility and accessibility, making it an attractive proposition for businesses seeking a high-profile location. This is a rare opportunity to acquire a substantial commercial land parcel in a highly sought-after area of Duluth.

    Property profile
    Verified
    Property type Land
    Lot 12.53 ac (545,807 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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