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1301 Miller Trunk Hwy

10,000 SF 100% Leased Office Building Duluth, MN 55811 $3,200,000 ($320/SF) 7.56% Cap Rate

Medical Offices Minnesota Duluth 1301 Miller Trunk Hwy, Duluth, MN 55811

Investment Highlights

  • Great Visibility. Front row in retail corridor
  • Lots of Parking

Executive Summary

Fully leased building on Miller Trunk HWY. Tenants include Essentia Orthopedics and Northway Avademy. Continued Residential and Commercial development makes this a solid long term investment.

Attachments

For Sale 1301 Miller Trunk Hwy

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,000 SF
Building Class
C
Year Built
1933
Price
$3,200,000
Price Per SF
$320
Cap Rate
7.56%
NOI
$242,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,000 SF
Slab To Slab
10’
Building FAR
0.16
Land Acres
1.41 AC
Zoning
Commercial - Commercial
Parking
48 Spaces (4.8 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage
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PROPERTY TAXES

Parcel Number 010271004670 Improvements Assessment $1,336,900
Land Assessment $879,800 Total Assessment $2,216,700

PROPERTY TAXES

Parcel Number
010271004670
Land Assessment
$879,800
Improvements Assessment
$1,336,900
Total Assessment
$2,216,700
(218) 720-3712

  • Listing ID: 32409661

  • Date on Market: 7/10/2024

  • Last Updated:

  • Address: 1301 Miller Trunk Hwy, Duluth, MN 55811

More public record information on 1301 Miller Trunk Hwy, Duluth, MN 55811

The Office Property at 1301 Miller Trunk Hwy, Duluth, MN 55811 is currently available For Sale. Contact Encompass Real Estate Services for more information.

Office PROPERTIES IN NEARBY NEIGHBORHOODS

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1301 Miller Trunk Hwy
(218) 720-3712 x

1301 Miller Trunk Hwy

Ben Norton

(218) 720-3712

(218) 720-3712

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