4005 W Michigan St - Perkins West
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4005 W Michigan St - Perkins West
2 Acres of Commercial Land Offered at $1,650,000 in Duluth, MN 55807
Investment Highlights
- Located right off the main highway going through town.
Executive Summary
This is a great redevelopment spot.
Taxes & Operating Expenses (Actual - 2019) |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$32,938
|
$16,469.00
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$32,938
|
$16,469.00
|
Taxes & Operating Expenses (Actual - 2019)
| Taxes | |
|---|---|
| Annual | $32,938 |
| Annual Per AC | $16,469.00 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $32,938 |
| Annual Per AC | $16,469.00 |
Property Facts
| Price | $1,650,000 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | Mixed Use |
| Sale Conditions | Redevelopment Project | Total Lot Size | 2.00 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $1,650,000 |
| Sale Type | Owner User |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 2.00 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot 5
| Price | $1,650,000 | Lot Size | 2.00 AC |
| Price Per AC | $825,000 |
| Price | $1,650,000 |
| Price Per AC | $825,000 |
| Lot Size | 2.00 AC |
Lots 11 thru 16, Lot 6-8 Block 46, Lots 3 thru 5
Description
Tremendous commercial redevelopment property located at the I-35 and 40th Ave W. interchange. Site enjoys high degree of visibility with traffic counts on Interstate 35 of approximately 35,000 vehicles per day and xxx vehicles per day on 40th Ave W.
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PROPERTY TAXES
| Parcel Number | 010361004670 | Total Assessment | $892,700 (2023) |
| Land Assessment | $270,500 (2023) | Annual Taxes | $32,938 |
| Improvements Assessment | $622,200 (2023) | Tax Year | 2019 |
PROPERTY TAXES
Parcel Number
010361004670
Land Assessment
$270,500 (2023)
Improvements Assessment
$622,200 (2023)
Total Assessment
$892,700 (2023)
Annual Taxes
$32,938
Tax Year
2019
zoning
| Zoning Code | Mixed Use Business Park |
| Mixed Use Business Park |
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4005 W Michigan St - Perkins West
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