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AJ's Tanning Salon 15 W Redwing St 2,047 SF 100% Leased Office Building Duluth, MN 55803 $395,000 ($192.97/SF)
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$11,400
|
$5.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$11,400
|
$5.57
|
| Taxes |
$4,928
|
$2.41
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,928
|
$2.41
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $11,400 |
| Annual Per SF | $5.57 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $11,400 |
| Annual Per SF | $5.57 |
| Taxes | |
|---|---|
| Annual | $4,928 |
| Annual Per SF | $2.41 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,928 |
| Annual Per SF | $2.41 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 24hr Tan
- Services
- -
- -
- -
-
- Services
- -
- -
- -
AJ’s Tanning began as a three bed salon in 1990 at our Redwing St. store in Duluth. AJ was in the business of selling tanning beds, owned the building, and decided to start his own tanning business. This site grew to be very busy, drawing clients from UMD, St. Scholatica, and the surrounding area. In 2001 the building in Superior was for sale. What a great location for another tanning salon! So AJ remodeled the building, and we opened AJ’s Tanning II in Superior. This location is our largest in square feet and tanning beds.In 2016 both AJ’s Tanning locations were sold to CJ Verhel Companies LLC (Chris & Jodi Verhel) which are operated under the same core values as AJ started back in 1990! In April of 2017 CJ Verhel Companies took ownership of “Glow Tanning” located at 4602 Grand Ave #200. The addition of now “AJ’s Glow Tanning” has given the tanning community in twin ports more options and deals!
- Topnotch Design Inc.
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 24hr Tan | Services | - | - | - | ||
|
|
Services | - | - | - | ||
| Topnotch Design Inc. | Retailer | - | - | - |
Property Taxes
| Parcel Number | 010467000210 | Total Assessment | $253,800 (2024) |
| Land Assessment | $34,200 (2024) | Annual Taxes | $4,928 ($2.41/SF) |
| Improvements Assessment | $219,600 (2024) | Tax Year | 2026 |
Property Taxes
Contact the Sale Advisor
AJ's Tanning Salon | 15 W Redwing St