For Sale: Duluth MLS# 7027552
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Property Description
Exceptional opportunity to own a fully renovated commercial building in Duluth’s Lakeside neighborhood at 4501 E Superior St. This retail property sits on a lot with strong visibility and proximity to the biking and hiking trail alongside Superior St, and traffic exposure, making it ideal for retail, office, or service-based use. With $190, 000+ in improvements that include structural reinforcement, updated plumbing and sewer lines, new 200-amp electrical service with 3-phase power, commercial-grade flooring, updated bathroom, exterior paint, and major mechanical upgrades - providing long-term functionality and durability. Offered for sale as building only, this is a turnkey opportunity for an owner-user or investor seeking a prime Lakeside location. This property is leased for $4, 200 monthly (Lease expiration 05/31/2027) plus tenant pays utilities and owner pays taxes and building coverage insurance.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$550,000
Property Type:
Commercial
City:
Duluth
Garage Spaces:
0
County:
St. Louis
Year Built:
1927
State:
MN
Property Style:
1 Story
Zip Code:
55804
Subdivision Name:
London Add To Duluth
Interior
Bedrooms:
0
Bathrooms:
0
Ceiling Height:
8-10
Basement Details:
Full
Exterior
Stories:
One
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
800 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Parking Lot
Exterior Material:
Frame
Roof Details:
Rubber
Lot & Land
Acres:
0.08
Geolocation:
46.827497, -92.032765
Inclusions:
Building, Leases
Lot Dimensions:
74 x 50
Zoning:
Business/Commercial
Schools
School District:
2223
District Phone:
2183368700
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Broadband, Cable TV, Electricity, Fuel, Janitorial Service, Maintenance, Sewer, Snow Removal, Trash Collection, Water
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,140
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,140
Income
Annual Gross Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
1
Miscellaneous
Current Use:
Retail
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Power Company Name:
Minnesota Power
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.