394 Lake AveDuluth, MN 55802

Property Details for 394 Lake Ave

Year built

1908

Property size (Sq ft)

64,000 SF

Property type

Commercial real estate

APN

010-0741-00010

APU

10074100010

Description

The Dewitt-Seitz Building, a National Register of Historic Places landmark in Duluth, Minnesota's vibrant Canal Park district, offers exceptional executive office space. This iconic building boasts stunning Lake Superior and harbor views, blending historical charm with modern functionality. The property features a total of 1,481 square feet, currently entirely vacant and available for lease. Spaces are divisible to a minimum of 205 square feet, with a maximum contiguous space of 1,045 square feet. Ideal for businesses seeking a prestigious address in a dynamic location, the building offers convenient amenities. Its prime location provides easy access to the area's attractions and resources. The building's historical architecture creates a unique and memorable work environment, while modern features ensure efficient operations. This is a rare opportunity to lease space in a highly desirable and historically significant building. The address is 394 S Lake Ave, Duluth, MN 55802.

• CAP approach

  CAP return

  Valuation

  6%

  $13,335,600

  6.5%

  $12,309,800

  7%

  $11,430,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,266,560

  Geo Method

  $3,266,560

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $24,308,900

  Retail / Commercial

  $12,451,100

  Mixed-Use / Specialty

  $12,395,300

  Hospitality / Lodging

  $9,079,220

  Office

  $12,309,800

  Institutional / Educational

  $12,882,000

  Residential Income

  $15,072,000

  Multifamily

  $18,139,600

  Automotive / Energy

  $11,041,800

  Parking / Income-Based Land

  $3,821,610

  Restaurant / Food Service

  $6,422,620

  Healthcare / Senior Housing

  $12,722,800

Location Insight

City

Duluth

County

St. Louis

State

Minnesota

Latitude

46.782

Longitude

-92.0946

CBSA code

20260

CBSA name

DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].