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    FOR SALE
    Commercial real estate

    5289 Rice Lake Rd, Duluth, MN 55803

    8,832 SF 2.27 ac lot Built 1997
    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US46-0396843
    Property summary
    AI-generated overview

    This exceptional storefront property, located at 5289 Rice Lake Rd in Duluth, Minnesota, presents a compelling investment opportunity. Priced at $895,000, this 8,832 square foot building sits on a 2.27-acre lot and offers a unique blend of retail and potential multi-use functionality. Constructed in 1989, the two-story structure features a main floor ideally suited for retail operations, complete with a rear production area. The expansive upper level provides ample storage space, with the potential for conversion into additional rental units, further enhancing the property's income potential. The property boasts excellent visibility and convenient access from Highway 4. Its self-sufficient infrastructure includes a private well and septic system, minimizing reliance on municipal services. The property's address is 5289 Rice Lake Rd, Duluth, MN 55803, and its parcel number is 520-0014-00011. This versatile property is ready for a new owner to capitalize on its prime location and adaptable layout, making it an attractive investment for a variety of businesses. The price per square foot is $101.34. The building consists of one unit across one building.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1997
    Total area 8,832 SF
    Lot 2.27 ac (98,881 SF)
    APN 520-0014-00011
    UPID US46-0396843
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Artistic Anglers Taxidermist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Dennis Donald Garden · 1 yrs held
    Dennis Donald Garden
    since 2024
    Last sale
    $287,000
    3 recorded transactions
    2024
    $287,000
    2024
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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