5 1St St, Duluth, MN 55802

Property Details for 5 1St St

Year built

1922

Property type

Retail properties & Spaces

Property subtype

Office Spaces

Description

This exceptional retail property, located in St. Louis County, presents a unique investment opportunity. Built in 1922, this charming building offers two available suites, totaling between 3,850 and 5,196 square feet. The property's prime location boasts high visibility and foot traffic, situated near a thriving retail and restaurant hub. Its strategic proximity to major medical facilities, including the new Essentia Health/St. Mary’s Medical Center and St. Luke’s Hospital, ensures a consistent flow of potential customers. The area also benefits from strong residential occupancy rates, consistently ranging from 90% to 95%, further supporting the property's commercial viability. Enjoy easy access to popular attractions such as Canal Park, the Duluth Entertainment Convention Center, Sheraton, and Holiday Inn & Suites. The surrounding area is home to a variety of established businesses, including Pizza Luce, US Bank, Domino's, Duluth Trading, and Starbucks, creating a vibrant and well-established commercial environment. This property is ideal for businesses seeking a high-traffic location with strong community ties and proximity to essential services. The building's historic character adds to its unique appeal, offering a blend of charm and modern commercial potential. This is a rare opportunity to acquire a well-positioned retail space in a dynamic and growing area.

Location Insight

City

Duluth

County

St Louis

State

Minnesota

Longitude

-92.0992

Latitude

46.788