5 1St St Duluth, MN 55802
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.
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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.