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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)
Investment Highlights
- Convenient Woodland location near retail, dining, and service amenities
- Off-street parking available in addition to nearby street parking
- Flexible layout supporting live-work or mixed-use possibilities
Executive Summary
This unique property in Duluth’s Woodland neighborhood offers a flexible multi-use opportunity with a blend of commercial and residential income potential. Featuring a completely remodeled interior, the building boasts modern updates, high ceilings, and a bright, functional layout. Included is a one-bedroom apartment currently rented month-to-month, delivering immediate cash flow for buyers seeking an investment with steady returns.
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
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,047 SF
Building Class
C
Year Built/Renovated
1980/2025
Price
$395,000
Price Per SF
$192.97
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,047 SF
Building FAR
0.31
Lot Size
0.15 AC
Parking
6 Spaces (2.93 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
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
Parcel Number
010467000210
Land Assessment
$34,200 (2024)
Improvements Assessment
$219,600 (2024)
Total Assessment
$253,800 (2024)
Annual Taxes
$4,928 ($2.41/SF)
Tax Year
2026
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AJ's Tanning Salon | 15 W Redwing St
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