325 1St St Duluth, MN 55802
- Commercial real estate
- 2,484 SF
Current Use by Public Records
- Nextera Communications: MN Business Phone & Internet Providers / Internet Service Provider / Telecommunications Service Provider
- Duluth Adult Education - DAE - Isd 709 / Education Center
- Ad Advance / Advertising Agency
Property Details for 325 1St St
- Year built
- 1881
- Construction
- FRAME
- Property size
- 2,484 SF
- Property type
- Commercial real estate
- APN
- 010-3830-03360
- APU
- 10383003360
Description
This exceptional single-tenant property, the Arvig Building, is located at 325 W 1st St, Duluth, MN 55802, in St. Louis County. The building offers 1 square foot of retail and office space, perfect for a business seeking a highly visible location. Situated at a bustling intersection, this property benefits from exceptional visibility and accessibility. The building features flexible build-to-suit floor plans, allowing for customized space to meet specific business needs. Full-service leases are available, ensuring a seamless operational experience. On-site parking is provided for convenience. The open floor plan offers a modern and adaptable environment. Its strategic location adjacent to the City, County, and Federal complex provides unparalleled access to governmental and civic activity, maximizing visibility and accessibility for any business. This property presents a unique opportunity for businesses seeking a central and high-traffic location in Duluth, Minnesota. The property is currently vacant and ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $260,000
- 6.5%
- $270,000
- 7%
- $255,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $255,000
- Mixed-Use
- $245,000
- Hospitality
- $250,000
- Educational
- $265,000
- Residential Income
- $285,000
- Energy
- $270,000
- Income-Based Land
- $225,000
- Food Service
- $215,000
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.0949
- Latitude
- 46.7915
- CBSA code
- 20260
- CBSA name
- DULUTH, MN-WI METROPOLITAN STATISTICAL AREA