4730 Matterhorn Cir Duluth, MN 55811
- Apartment buildings
- 8,261 SF
- 1.00 lot acres
Current Use by Public Records
- Birch Tree Center / Mental Health Service
- Interim HealthCare of Duluth MN / Hospice / Nursing Agency
- Vent Care Residence / Assisted Living Facility / Physical Therapy Clinic
Property Details for 4730 Matterhorn Cir
- Year built
- 2003
- Lot size
- 1.00 lot acres
- Property size
- 8,261 SF
- Zone code
- R3
- Property type
- Apartment buildings
- APN
- 010-2710-05124
- APU
- 10271005124
Description
This exceptional 8,261 square foot medical office building, built in 2003, presents a unique owner/user investment opportunity in Duluth, Minnesota. Located at 4730 Matterhorn Circle, this Class B property sits on a one-acre lot zoned for mixed-use neighborhood development, offering significant potential. The building boasts a convenient location near Miller Hill Mall and several established residential neighborhoods, including Piedmont, Duluth Heights, and Hermantown. The property is fully vacant, providing immediate occupancy for a new owner. Features include 30 parking spaces, in-floor and forced-air heating and air conditioning, a make-up air system, a backup generator, and a fully sprinklered system. The asking price is $2,100,000, translating to $254.21 per square foot. The serene wooded surroundings create a private and professional atmosphere, ideal for medical practices or other office uses. This property offers a blend of functionality, convenience, and a tranquil setting, making it an attractive investment opportunity. The net rentable square footage is 8,261 square feet.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $275,000
- 6.5%
- $245,000
- 7%
- $250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $275,000
- Mixed-Use
- $265,000
- Hospitality
- $215,000
- Educational
- $270,000
- Residential Income
- $290,000
- Energy
- $275,000
- Income-Based Land
- $295,000
- Food Service
- $290,000
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.1708
- Latitude
- 46.8034
- CBSA code
- 20260
- CBSA name
- DULUTH, MN-WI METROPOLITAN STATISTICAL AREA