5289 Rice Lake Rd, Duluth, MN 55803
For Sale
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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.
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Artistic Anglers Taxidermist
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.