Superior Office Building | 4628 Mike Colalillo Dr
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Superior Office Building 4628 Mike Colalillo Dr
20,000 SF Office Building Duluth, MN 55807 $3,300,000 ($165/SF)
Investment Highlights
- Roof and all HVAC units were replaced in 2021. Fully built out with conference rooms, lots of private offices and unmatched parking!
- Excellent visibility from I-35.
- This property offers a perfect opportunity for employee security with on site parking and within a high quality business park.
Executive Summary
Hard to Find 20,000 SF Office building outside of Downtown.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$91,536
|
$4.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$91,536
|
$4.58
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $91,536 |
| Annual Per SF | $4.58 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $91,536 |
| Annual Per SF | $4.58 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
20,000 SF
Building Class
C
Year Built
1996
Price
$3,300,000
Price Per SF
$165
Tenancy
Single
Building Height
1 Story
Typical Floor Size
20,000 SF
Building FAR
0.14
Lot Size
3.30 AC
Opportunity Zone
Yes
Parking
225 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 010359900105 | Improvements Assessment | $2,297,000 (2023) |
| Land Assessment | $547,000 (2023) | Total Assessment | $2,844,000 (2023) |
PROPERTY TAXES
Parcel Number
010359900105
Land Assessment
$547,000 (2023)
Improvements Assessment
$2,297,000 (2023)
Total Assessment
$2,844,000 (2023)
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Superior Office Building | 4628 Mike Colalillo Dr
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