1918 W Superior St - Storefront Retail/Residential FOR SALE


Duluth, MN 55806- West End
$1,475,000 USD
320-493-9349
1918 W Superior St, Duluth, MN for Sale
$1,475,000 USD
Storefront Retail/Residential - FOR SALE
1/62
null | 6% Cap Rate

1918 W Superior St
Duluth, MN 55806
West End


OVERVIEW

Incredible brick exterior building in the HEART of Duluth Craft District. Building was fully remodeled in 2021/2022 with all new roof, electric, plumbing, structural reinforcements, interior finishes, and upstairs mechanicals. Building has two commercial spaces on main level and two dwelling units offered as short term vacation rentals upstairs with separate entrances. Building History 1918 W Superior St was purchased by its current owners in 2020. The entire building was gutted and rebuilt throughout 2020-2021 with new roof, interior electrical, interior pluming, and interior finishes. The building consists of 4 individual units consisting of the following: Interior Layout • Commercial Lease Space 1 - ~1600 sqft, facing Superior St. • Commercial Lease Space 2 - ~1200 sqft, facing Michigan St. • Single Family Dwelling Unit 1- ~1600 sqft, facing Superior St. • Singled Family Dwelling Unit 2 - ~1450 sqft, facing Michigan St. • Common Area - ~ 1150 Sqft combined consisting of upstairs hallway, main level hallway, bathroom, front stairway, rear stairway. Building Specifications Construction – Brick, balloon wall framing, engineered ceiling and floor trusses Siding – Metal/Brick. Roof – Fully adhered EPDM rubber roof with flashing installed 2021. Roof Top Units – Two 5 ton with separate ducting. RTUs are 13 years old but have only been in use for 3 years. They were not used the first 10 years after installation. Units are serviced twice a year. Electrical – (1) 200-amp 3 phase load center serving common area and RTU, (4) 100-amp single phase load centers serving commercial lease and dwelling units. Plumbing – All new interior PEX water lines and PVC drain lines. New water supply line to center of street main connection. Utilities: • 5 separate electric meters • 1 whole building gas meter • 5 separate water/sewer meters

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

F5

APN/PARCEL ID

010112002550

ASK ABOUT THIS PROPERTY

Tim CookPremier Real Estate ServicesMore Info
320-493-9349

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Tim CookPremier Real Estate ServicesMore Info
320-493-9349

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.