1623 London RdDuluth, MN 55812

  • Commercial real estate
  • 3,520 SF
For Sale
$995,000 View listing

Property Details for 1623 London Rd

Year built
1981
Property size (Sq ft)
3,520 SF
Property type
Commercial real estate
APN
010-1460-03610
APU
10146003610

Description

This exceptional restaurant opportunity in Duluth, Minnesota, is located at 1623 London Road. The property offers 3,520 square feet of above-grade space, complemented by a full, finished basement, providing significant operational flexibility. Built in 1981, the building sits on a substantial 19,600 square foot lot, offering ample parking for customers and staff. The asking price is $995,000, translating to $282.67 per square foot. Its prime location on London Road ensures high traffic and excellent visibility, making it an ideal site for a thriving restaurant business. The property's single unit and convenient parking are key advantages in a competitive market. The property's APN is 010-1460-03610 / 03600 / 03620. This presents a rare chance to establish or expand a successful culinary venture in a high-traffic area of Duluth. The property's size and location make it a strong investment opportunity with significant potential for return. Don't miss this chance to own a piece of Duluth's vibrant business scene.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $740,761
    Hospitality
    $678,533
    Educational
    $564,532
    Medical
    $583,947
    Retail
    $878,160
1623 London Rd, Duluth, Minnesota

Location Insight

City
Duluth
County
St. Louis
State
Minnesota
Latitude
46.8016
Longitude
-92.0757
CBSA code
20260
CBSA name
DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,330
$127,100
$285,200
$412,300
-
$127,100
$285,200
$412,300

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