Duluth, MN
Commercial Real Estate Market Trends & Data

$170 Avg asking sale price
$19 Avg asking lease rate
14,229 SF Avg unit lease size
12,928 SF Avg building size for sale
6.05% Average cap rate

Duluth's Demographic Profile

Duluth has 34,876 households and a median income of $60,379, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 81,789
# Households 34,876
Median age 36
Median household income $60,379
Avg household size 2.0
Renter-occupied housing units 15,206
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Duluth, MN

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Duluth $157 14,957 SF 6.65%
Superior $179 20,058 SF 6.65%
Cloquet $58 5,500 SF 15.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Duluth $140 20,659 SF 6.75%
Hermantown $302 36,888 SF 6.75%
Superior $113 17,213 SF 5.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Duluth $175 10,347 SF
Hermantown $375 25,444 SF
Proctor $98 5,125 SF
Superior $83 9,888 SF
Aurora $24 14,600 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Duluth $93 6,316 SF 5.00%
Superior $85 7,632 SF 5.00%

Commercial Properties For Sale in Duluth

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

FedEx Ship Center

Duluth, MN 55811

  • 36,888 SF Industrial Building
  • 6.75% Cap Rate
  • $4,818,000
For Sale

Aspirus St. Luke’s Clinic

Duluth, MN 55807

  • 20,512 SF Office Building
  • 6.65% Cap Rate
  • $7,100,000
For Sale

Aspirus St. Luke’s Superior Clinic

Superior, WI 54880

  • 28,928 SF Office Building
  • 6.65% Cap Rate
  • $10,005,000
For Sale

Commercial Land

Hermantown, MN 55811

  • 10.89 AC Lot
  • 1 Commercial Lot
  • $595,000
For Sale

Hansen Retail Development

Duluth, MN 55811

  • 14,000 SF Retail Building
  • 6.25% Cap Rate
  • $7,496,000
For Sale

Northland Medical Center South

Duluth, MN 55802

  • 18,540 SF Office Building
  • $3,000,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Duluth pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Duluth $170 12,928 SF
Hermantown $286 20,335 SF
Proctor $98 5,125 SF
Superior $165 13,840 SF
Cloquet $66 7,950 SF

Regional Demographic Comparison

This comparison places Duluth alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Duluth or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Duluth 81,789 34,876 36 $60,379 2 15,206 -2%
Proctor 3,084 1,232 42 $86,770 2 240 -3%
Superior 25,052 11,051 38 $53,440 2 5,051 -1%
Cloquet 13,060 5,316 39 $56,638 2 1,581 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Duluth, MN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Duluth

View All Commercial Real Estate For Sale in Duluth
Is Duluth a good market for a first-time commercial real estate investor?

Duluth offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Duluth?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Duluth. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Duluth?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Duluth. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Duluth compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Duluth. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Duluth acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Duluth, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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