• Broker Amy Senn 9525636605
  • Broker Bryce Thompson 9525636657

Duluth 4615 Grand 4615 Grand Ave 15,631 SF 100% Leased Retail Building Duluth, MN 55807 $2,515,000 ($160.90/SF) 7.50% Cap Rate

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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
• 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

ATTACHMENTS

Duluth, 4615 Grand Ave Flyer_HR

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,631 SF
Building Class
B
Year Built
1998
Price
$2,515,000
Price Per SF
$160.90
Cap Rate
7.50%
NOI
$188,622
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.90 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
MU-N - Mixed-use Neighborhood
Parking
39 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
234’ on Grand Ave

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
North 46th Avenue West W 4th St, SE 4,200 2022 0.06 mi
North 46th Avenue West Mike Colalillo Dr, SE 7,300 2022 0.07 mi
N 46th Ave W W 4th St, SE 3,991 2025 0.09 mi
N 46th Ave W Mike Colalillo Dr, SE 7,147 2025 0.11 mi
West 1st Street N 43rd Ave W, NE 5,797 2025 0.18 mi
Grand Ave Elinor St, SW 11,820 2025 0.19 mi
Mike Colalillo Dr W Superior St, S 5,550 2025 0.21 mi
West Michigan Street S 46th Ave W, W 7,107 2025 0.24 mi
N 46th Ave W W 7th St, NW 2,929 2025 0.24 mi
W 1st St N 43rd Ave W, NE 5,803 2024 0.25 mi
Walk Score®
Very Walkable (73)

NEARBY MAJOR RETAILERS

Whole Foods Market
Sky Zone
U.S. Bank
Perkins
Super One Foods
Anytime Fitness

PROPERTY TAXES

Parcel Number 010361008730 Improvements Assessment $1,749,400
Land Assessment $360,000 Total Assessment $2,109,400

MAP

ADDITIONAL PHOTOS

View Photo 5 4615 Grand MDAM_Edit
View Photo 12 working copy 2
View Photo 4615 Grand Ave | Duluth
View Photo 4615 Grand Ave | Duluth
View Photo 4615 Grand Ave | Duluth
View Photo 4615 Grand Ave | Duluth
View Photo 4615 Grand Ave | Duluth

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