801 Central Entrance Duluth, MN 55811
- Commercial real estate
- 119,190 SF
Current Use by Public Records
- higi / Health Consultant
- Ashley / Outdoor Furniture Store / Sofa Store
- Ashley HomeStore / Furniture Store / Bedroom Furniture Store
- The Furniture Mart / Furniture Store
- Janelle Strom / Optometrist
Property Details for 801 Central Entrance
- Year built
- 1993
- Property size
- 119,190 SF
- Property type
- Commercial real estate
- APN
- 010-4445-00071
- APU
- 10444500071
Description
This exceptional retail property, located at 801 W Central Entrance in Duluth, Minnesota, presents a significant investment opportunity. The 21,894 square foot big box store/outlet space is situated on a 10.2-acre lot in a prime retail area along W Central Entrance Road, providing excellent accessibility to all parts of Duluth. Originally constructed in 1993 and renovated in 2006, the property offers multiple tenancy options. The property benefits from Duluth's strong economic base, serving a substantial population of 86,750 residents and a daytime population of 101,341, making it a key shopping destination for locals and commuters alike. Furthermore, Duluth's thriving tourism sector attracts an additional 1.3 million visitors annually, generating an estimated $564.2 million in spending over the past year. This significant tourist influx further enhances the property's potential for high retail traffic and revenue generation. Located in St. Louis County, with a zip code of 55811, this property offers a unique chance to establish or expand a retail presence in a vibrant and growing market. The property's size and location make it ideal for a variety of retail uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,645,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,035,000
- 6.5%
- $3,150,000
- 7%
- $3,170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,790,000
- Geo Method
- $2,915,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,520,000
- Retail
- $2,680,000
- Mixed-Use
- $2,920,000
- Hospitality
- $3,555,000
- Educational
- $3,415,000
- Residential Income
- $3,100,000
- Energy
- $3,390,000
- Income-Based Land
- $2,760,000
- Food Service
- $2,730,000
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.1489
- Latitude
- 46.8046
- CBSA code
- 20260
- CBSA name
- DULUTH, MN-WI METROPOLITAN STATISTICAL AREA