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    Duluth, MN
    Retail

    Duluth, MN Retail Space for Sale

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    Retail Property in West Duluth
    Updated: Oct 15, 2024
    Retail Property in West Duluth

    4609-4615 Grand Ave, Duluth, MN

    $2,357,000
    15,631 sqft 0.91 AC lot
    New 10‑Year Goodwill Lease with increasing net income (2.79% annually on average for the first 5 years).
    Located in a busy intersection with high traffic volume (20,803 VPD).
    Low retail vacancy rate (2%) in Duluth with high barriers to entry.
    Strong local economy: Duluth is the 2nd largest in the state with a trade area of over 548k people.
    Situated in the West Duluth neighborhood with a population of 30k+ within 3 miles.
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    This listing looks promising.

    Here's a quick look at some key insights for

    4609-4615 Grand Ave, Duluth, MN

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $148K
      Annual

    • Price @ 7% Cap

      $2.11M
      Suggested
    View Property Analytics
    Retail Storefront with Flexible History
    Updated: Jul 9
    Retail Storefront with Flexible History

    1034 88th Ave W, Duluth, MN 55808

    $125,000
    2,880 sqft 0.28 AC lot
    2880 sq ft space available for retail or other business use
    Previously used as a grocery store, hardware store, pasty production company, and online company
    Built in 1959 with natural gas heat
    Flat roof
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    Renovated Retail and Office Building
    Renovated Retail and Office Building

    4501 E Superior St, Duluth, MN 55804

    $499,900
    1,400 sqft

    Turnkey, fully renovated building with 3-phase power and updated systems, currently leased through 2027.

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    Massive Redevelopment Opportunity in Duluth
    Massive Redevelopment Opportunity in Duluth

    2032 W Superior St, Duluth, MN 55806

    $1,595,000
    37,000 sqft

    37,000 SF property ready for redevelopment in vibrant neighborhood.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Lincoln Park Retail/Office Opportunity
    Lincoln Park Retail/Office Opportunity

    1902 W 1st St, Duluth, MN

    $435,000
    1,433 sqft 0.08 AC lot

    Prime corner location in Lincoln Park's Craft District.

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    Downtown Duluth Retail/Office Opportunity
    Downtown Duluth Retail/Office Opportunity

    323 W Superior St, Duluth, MN

    $450,000
    7,680 sqft 0.07 AC lot

    Historic building with exposed brick, high ceilings, and prime location.

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    Class A Office Building For Sale
    Class A Office Building For Sale

    425 W Superior St, Duluth, MN 55802

    Contact for pricing
    200,389 sqft

    LEED certified office building in downtown Duluth, Minnesota.

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 7 Active listings in Duluth, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Retail and Office Building
    Mixed-Use Retail and Office Building

    1017-1021 Tower Ave, Superior, WI 54880

    $949,000
    27,000 sqft 1.03 AC lot

    Leased main-level retail with separated utilities, plus upstairs and additional space suited for offices or reimagined use.

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    Retail Space on Highway 61
    Retail Space on Highway 61

    1219 7th Ave, Two Harbors, MN 55616

    $199,900
    820 sqft

    High-visibility retail space near 7th Avenue business corridor.

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    Versatile Mixed-Use Commercial Building
    Versatile Mixed-Use Commercial Building

    507 Tower Ave, Superior, WI 54880

    $399,900
    1,800 sqft

    Historic building with retail, office, and garage space.

    View details
    Two Harbors Turn-Key Restaurant Opportunity
    Two Harbors Turn-Key Restaurant Opportunity

    812 7th Ave, Two Harbors, MN 55616

    $749,000
    3,718 sqft

    Turn-key restaurant with retail building and outdoor seating available forpurchase.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    PUD-Zoned Commercial Land with Frontage
    PUD-Zoned Commercial Land with Frontage

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    2.07 AC lot

    2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

    View details

    Off-Market Properties in Duluth, MN

    Consider similar Off-Market properties in Duluth, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2224 3Rd St
    Individual retail properties

    2224 3Rd St, Duluth, MN 55806

    Value Estimation by Request
    950 sqft
    View details
    1832 Superior St
    Individual retail properties

    1832 Superior St, Duluth, MN 55806

    Value Estimation by Request
    View details
    4615 Grand Ave
    Individual retail properties

    4615 Grand Ave, Duluth, MN 55807

    Value Estimation by Request
    15,631 sqft 0.91 AC lot
    View details
    30 1st St
    RETAIL STORES (PERSONAL SERVICES)

    30 1st St, Duluth, MN 55802-2004

    Value Estimation by Request
    4,000 sqft
    View details

    Duluth, MN Retail Space Market Trends and Statistics

    Explore 11 retail space for sale in Duluth, MN, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 66,024 square feet of properties for sale, with an estimated market value of $5,461,900.

    Sale prices for retail space in Duluth, MN start at $125,000, averaging $910,316, and reaching up to $2,357,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 9
    Auto shops 1
    Automotive properties 1
    Drug stores 1
    Grocery and convenience stores 1

    Demographics Overview

    Population 119K
    Population Growth (5Y) +1.6%
    Median Household Income $76,777
    College Educated 36.3%

    High-Yield Neighborhoods for Investment

    Identify Duluth submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55804 $499.9K
    55802 $749K
    55806 $1.6M
    55807 $2.4M

    Taxes & Financing

    Tax Rate (average for all types) 2.67%
    Property Tax per SF $14.83 per SF
    Tax Rate vs County Average 0.02 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

    Retail

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