421 4Th StDuluth, MN 55805

This exceptional 3,462 square foot medical office building, located at 421 E 4th St in Duluth, Minnesota, presents a compelling investment opportunity. Currently vacant, this Class B property offers significant potential for a variety of professional uses, benefiting from its strategic location within the bustling hospital district. The building features two stories and two bedrooms, and sits on a commercially zoned lot allowing for mixed-use development. The asking price is $390,000, translating to $112.65 per square foot. A pro-forma cap rate of 10.26% and a pro-forma NOI of $40,000 indicate strong potential returns. The property enjoys high visibility due to a daily traffic flow of 6,800 vehicles and is surrounded by established local businesses, ensuring excellent foot traffic. This presents a rare chance to acquire a well-situated, versatile property in a thriving area. The property is offered as a Net Net Net (NNN) lease, and is currently for sale by owner. The property is zoned for Commercial - Mixed Use. This is an ideal opportunity for owner-users seeking a high-return investment or for investors looking to capitalize on the strong demand in the Duluth medical market. The property's location offers excellent visibility and accessibility, making it an attractive option for a wide range of businesses.