Log In/Sign Up
Your email has been sent.
Duluth 4615 Grand 4615 Grand Ave 15,631 SF 100% Leased Retail Building Duluth, MN 55807 $2,357,000 ($150.79/SF) 8% Cap Rate
Investment Highlights
- New 10-Year Goodwill Lease (Opening Soon!)
- "Hidden Gem" West Duluth neighborhood with 30k+ people within 3 miles
- Duluth is the 2nd largest economy in the state with a trade area of over 548k people
- Busy Intersection with 20,803 VPD
- College town with over 25,000 students
- Duluth has a low retail vacancy rate of 2% with high barriers to entry
Executive Summary
• New 10-Year Goodwill Lease
• Net income increases 2.79% annually on average during the first 5 years of the hold period
• Busy Intersection with 20,803 VPD
• "Hidden Gem" West Duluth neighborhood with 30k+ people within 3 miles
• College town with over 25,000 students
• Duluth is the 2nd largest economy in the state with a trade area of over 548k people
• Duluth has a low retail vacancy rate of 2% with high barriers to entry
• Goodwill True North has 100+ year history with 11 stores across Northern Minnesota and Wisconsin
• New silicone roof coating with 15 year total system warranty
• Net income increases 2.79% annually on average during the first 5 years of the hold period
• Busy Intersection with 20,803 VPD
• "Hidden Gem" West Duluth neighborhood with 30k+ people within 3 miles
• College town with over 25,000 students
• Duluth is the 2nd largest economy in the state with a trade area of over 548k people
• Duluth has a low retail vacancy rate of 2% with high barriers to entry
• Goodwill True North has 100+ year history with 11 stores across Northern Minnesota and Wisconsin
• New silicone roof coating with 15 year total system warranty
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
15,631 SF
Building Class
B
Year Built
1998
Price
$2,357,000
Price Per SF
$150.79
Cap Rate
8%
NOI
$188,622
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.90 AC
Opportunity Zone
Yes
Zoning
MU-N - Mixed-use Neighborhood
Parking
39 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
234’ on Grand Ave
Walk Score®
Very Walkable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 010361008730 | Improvements Assessment | $1,749,400 |
| Land Assessment | $360,000 | Total Assessment | $2,109,400 |
Property Taxes
Parcel Number
010361008730
Land Assessment
$360,000
Improvements Assessment
$1,749,400
Total Assessment
$2,109,400
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Duluth 4615 Grand | 4615 Grand Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.