2224 3Rd St Duluth, MN 55806
This exceptional 950-square-foot storefront, located at 2224 W 3rd St in Duluth, Minnesota (55806), presents a remarkable investment opportunity. The property, identified by APN 010-1140-05240, is a mixed-use building encompassing one unit within a single building. Its prime location in the thriving Lincoln Park neighborhood offers unparalleled visibility and accessibility. The building has recently undergone renovations, enhancing its appeal to a wide range of businesses. A convenient service door provides access from the alley, and parking accommodations are available. This location benefits from its proximity to popular local establishments such as Johnson's Bakery and the vibrant Lincoln Park, renowned for its extensive biking trails. The asking price of $225,000 makes this an attractive proposition for various retail or service-oriented companies seeking a foothold in a rapidly developing area. The property's strategic placement and recent improvements combine to create a compelling investment opportunity with significant potential for growth and return. This is a rare chance to secure a well-situated commercial space in a highly desirable Duluth neighborhood. Don't miss this chance to own a piece of Lincoln Park's burgeoning commercial landscape.
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
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.