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2 W 1st St
Duluth, MN 55802
Retail Property For Sale
Investment Highlights
- Secure, Tenant-Focused Access
- Modern Building Systems
Executive Summary
Located at 2 West 1st St in Duluth, MN, this fully redeveloped 14,275 SF Class-A office building offers a rare blend of historic character and modern infrastructure. Originally built in 1912, the property has been completely gutted and rebuilt with all-new finishes, systems, and fittings, including a new elevator, third floor addition, and a striking main entry lobby. Recent upgrades include new energy-efficient windows and doors, EPDM roof, masonry repairs, restored historic cornice, all-new HVAC, plumbing, electrical, fiber connectivity, life-safety systems, and a full fire sprinkler system. Tenants benefit from dedicated or centrally metered HVAC, separate power meters, secure building access, and ample parking via the adjacent Tech Village Ramp. Situated on a 100×60 lot, the property is offered at $1,825,000 with 2026 taxes of $34,190, presenting a turnkey opportunity in Downtown Duluth.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
12,000 SF
Building Class
C
Year Built
1912
Price
$1,825,000
Price Per SF
$152.08
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.97
Lot Size
0.14 AC
Opportunity Zone
Yes
Parking
10 Spaces (0.52 Spaces per 1,000 SF Leased)
Frontage
114’ on W 1st St
Amenities
- Signage
Property Taxes
| Parcel Number | 010094000610 | Improvements Assessment | $955,600 |
| Land Assessment | $113,400 | Total Assessment | $1,069,000 |
Property Taxes
Parcel Number
010094000610
Land Assessment
$113,400
Improvements Assessment
$955,600
Total Assessment
$1,069,000
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