Property profile

1623 London Rd Duluth, MN 55812

OFF-MARKET
Commercial real estate
Property ID
US46-3249765
3,520 SF Built 1981
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional restaurant opportunity in Duluth, Minnesota, is located at 1623 London Road. The property offers 3,520 square feet of above-grade space, complemented by a full, finished basement, providing significant operational flexibility. Built in 1981, the building sits on a substantial 19,600 square foot lot, offering ample parking for customers and staff. The asking price is $995,000, translating to $282.67 per square foot. Its prime location on London Road ensures high traffic and excellent visibility, making it an ideal site for a thriving restaurant business. The property's single unit and convenient parking are key advantages in a competitive market. The property's APN is 010-1460-03610 / 03600 / 03620. This presents a rare chance to establish or expand a successful culinary venture in a high-traffic area of Duluth. The property's size and location make it a strong investment opportunity with significant potential for return. Don't miss this chance to own a piece of Duluth's vibrant business scene.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1981
Total area 3,520 SF
APN 010-1460-03610
UPID US46-3249765

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Atm Crypto Atm

Location

1623 London Rd Duluth, MN 55812-1620
Duluth metro Census 1400 DULUTH, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$700k
CAP Approach CAP
by Request
Comparable Approach Comparable
$456k
Blend (final) Blend
$685k

Owner & transaction history

since 2025
Last sale
$725,000
4 recorded transactions
2025
$725,000
2019
$595,000
2006
$595,000
2000
$200,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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