331 W Superior St - Office FOR SALE


Duluth, MN 55802- Downtown Duluth
$1,775,000 USD
612-413-4200
331 W Superior St, Duluth, MN for Sale
$1,775,000 USD
Office - FOR SALE
1/5
null | 7.42% Cap Rate

331 W Superior St
Duluth, MN 55802
Downtown Duluth


HIGHLIGHTS

  • Fully Occupied Building
  • Prime Downtown Location
  • Recent Property Updates
  • Market Advantage
  • Strategic Economic Hub
  • Vibrant Community

OVERVIEW

Fully Occupied Building - This mixed-use retail/office building is fully occupied with a great mix of tenants. Starbucks anchors the building, which also has an attached parking ramp that generates income for the property. Prime Downtown Location - Great corner location in downtown Duluth. Centrally located with signage, high traffic counts, and is also connected by skyway in downtown. Recent Property Updates - Multiple CAPEX projects including windows, parking lot, A/C units, elevators, sprinkler system, and the roof is serviced biannually. Market Advantage - In the Duluth CBD there are no office properties under construction, and nothing has been delivered in the downtown CBD submarket for the past ten years. Strategic Economic Hub - Duluth serves as an economic hub for a large area of northern Minnesota and Wisconsin. The Port of Duluth-Superior sits at the farthest inland point on the Great Lakes, which allows it to serve as a hub for shipments for the entire upper Midwest. Vibrant Community - Duluth boasts a diverse and dynamic community and has a strong educational and cultural scene. Duluth's population is known for its strong ties to the region's natural beauty, with many residents enjoying outdoor activities in the city's scenic surroundings.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

7.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Phoenix Building | Duluth, MN

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,720 SF

ZONING

-

APN/PARCEL ID

010092000510

ASK ABOUT THIS PROPERTY

Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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