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1017 W Central Entrance Duluth, Mn 55811 1017 West Central Entrance, Duluth, MN 55811
Shopping Center / Retail
Mixed Use
Property Description
This premier commercial property is a rare opportunity to own a fully leased asset in the heart of Duluth's busiest retail and business corridor. Built in 1994 and numerous renovations, the two-story, 5,849 sq. ft. building (possibility to make it 6,000 sq ft) sits on a 11,160 sq. ft. lot and features 14 dedicated parking spaces with REA agreements in place for shared access to surrounding parking lots. Anchored by a long-term national tenant – Cold Stone Creamery, the property boasts a diverse and stable tenant mix that includes Lake Superior Dispensary, and Edward Jones, all operating under NNN leases for a truly hands-off investment experience.
Situated on W Central Entrance, the property enjoys outstanding visibility with 21,548 cars per day (2023). This high-traffic corridor places the property in a prime position to attract and retain top-tier tenants. With a stabilized income stream, modernized facilities, and proximity to key commercial activity, this property offers investors both stability and growth potential.
Don't miss this opportunity to own a landmark asset in one of Duluth's most dynamic commercial hubs. Contact us today for more information or to schedule a private tour.
Area Description
Duluth's busiest commercial corridor. Home to many national brands, and consistent traffic.
Highlights
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Incredible Location in Duluth’s busiest commercial corridor.
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x4 NNN Tenants
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Absolute NNN model
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Long-term National Anchor Tenant (Cold Stone Creamery)
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Outstanding Visibility
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21,548 Cars per Day (2023)
Full Address: 1017 West Central Entrance, Duluth, MN 55811
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100
Building Class: A
Zoning: MU-C - Mixed Use Commercial
Region: M-WN
County: St. Louis County
Use Type: Retail/Investment
Property ID: 4057419
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Has Broadband: Yes
Heating: Yes
Cooling: Yes
Has Gas: Yes
Traffic Count: 21548 VPD
Roof: Tar & Gravel
Building Sf: 5849
Parcel Num: 010-4445-00032
Number Units: 4
Number Buildings: 1
Year Built: 1994
Year Renovation: 2024
Free Standing: Yes
Number Parking Spaces: 14
Cap Rate: 4.33
Tenancy Type: Multi-Tenant
Incredible Location in Duluth’s busiest commercial corridor. x4 NNN Tenants Absolute NNN model Long-term National Anchor Tenant (Cold Stone Creamery) Outstanding Visibility 21,548 Cars per Day (2023)
Cash Flow Type: Actual
Cf Year: 2023
Cf Net Op Income: 114721
1: Cold Stone Creamery Occupied: 1940 SF Lease Expiration:
2: Lake Superior Dispensary Occupied: 968 SF Lease Expiration:
3: Edward Jones Occupied: 853 SF Lease Expiration:
4: Med Spa Occupied: 1769 SF Lease Expiration: