2314 Michigan StDuluth, MN 55806

Property Details for 2314 Michigan St

Year built

2004

Property size (Sq ft)

6,756 SF

Property type

Commercial real estate

APN

010-1110-00280

APU

10111000280

Description

The Lincoln Business Center offers a unique opportunity to lease versatile commercial space in St. Louis County. This 24,039 square foot multi-use building, constructed in 2004, features a blend of manufacturing, flex, warehouse, and traditional office space, making it ideal for a variety of businesses. Currently, there are two available spaces ranging from 3,605 to 4,200 square feet of vacant space within the larger building. The property sits on 1.31 acres of land and provides excellent access to major freeways, enhancing logistics and transportation. Building amenities include one loading dock and three drive-in doors, catering to efficient material handling and shipping needs. The multiple tenancy structure allows for flexibility and potential for collaboration with other businesses. This property is perfect for companies seeking a blend of office and industrial space in a convenient and well-connected location. The building's diverse space options and strategic location make it an attractive investment for businesses seeking to expand or relocate within the St. Louis County market. The available space offers a chance to customize the layout to meet specific operational requirements. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,407,740

  6.5%

  $1,299,450

  7%

  $1,206,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $344,826

  Geo Method

  $344,826

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,566,110

  Retail / Commercial

  $1,314,360

  Mixed-Use / Specialty

  $1,308,480

  Hospitality / Lodging

  $958,426

  Office

  $1,299,450

  Institutional / Educational

  $1,359,860

  Residential Income

  $1,591,040

  Multifamily

  $1,914,860

  Automotive / Energy

  $1,165,600

  Parking / Income-Based Land

  $403,419

  Restaurant / Food Service

  $677,987

  Healthcare / Senior Housing

  $1,343,050

Location Insight

City

Duluth

County

St. Louis

State

Minnesota

Latitude

46.764

Longitude

-92.1265

CBSA code

20260

CBSA name

DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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