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411 Anderson Rd - 411 Anderson Road - Multi-Use 0.33 Acres of Commercial Land Offered at $695,000 in Duluth, MN 55811
Investment Highlights
- On a heavy traffic Miller Trunk Hwy / Central Entrance corner
- Very Visible! Location, Location, Location!
- You must pass the house to enter the drive into the new mall development.
Executive Summary
Zoned MU-N (mixed-use), located on a high-traffic intersection of Miller Trunk Hwy and Anderson Rd.
Surrounded by property tied to Duluth’s new mall development, the road into the new mall is to the west of the property, and Miller Trunk Hwy is to the east.
Excellent potential for redevelopment, short-term rentals, professional office, or retail
A strategic long-term hold or a high-demand conversion opportunity.
Includes a house that could be converted to a business. No tours as house is occupied with a tenant at $1900 a month rent, do not disturb.
Surrounded by property tied to Duluth’s new mall development, the road into the new mall is to the west of the property, and Miller Trunk Hwy is to the east.
Excellent potential for redevelopment, short-term rentals, professional office, or retail
A strategic long-term hold or a high-demand conversion opportunity.
Includes a house that could be converted to a business. No tours as house is occupied with a tenant at $1900 a month rent, do not disturb.
Data Room Click Here to Access
- Purchase Agreement
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
1 Lot Available
Lot
| Price | $695,000 | Lot Size | 0.33 AC |
| Price Per AC | $2,102,371.90 |
| Price | $695,000 |
| Price Per AC | $2,102,371.90 |
| Lot Size | 0.33 AC |
Zoned Multi-use - Noted SITE 3 on map CENTRAL ENTRANCE DIVISION - LOT 2 AND ELY 20 FT OF LOT 3 INC 1/2 OF VAC PALMETTO ST ADJ Surrounded by retail mall property.
Description
Grass, trees, a driveway, a house, and a garage are currently on this flat lot. Primed for building or using the current house 988 sq ft house (3 bedrooms and 1 full bathroom upstairs and 1 partial bathroom in basement) as an office. 80' of frontage on Anderson x 180' LOT 2 AND ELY 20 FT OF LOT 3 INC 1/2 OF VAC PALMETTO ST ADJ,
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411 Anderson Rd - 411 Anderson Road - Multi-Use
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