Investment Portfolio | Duluth, MN

Highlights:

• - Flexible Seller
• - Seller Financing Options
• - Aggressive Loan Terms
• - Contact Broker for Details

Description:

Fully Occupied Buildings -
Both buildings are fully leased, boasting a strong history of high occupancy rates. Centrally located in downtown Duluth, they offer excellent visibility, prominent signage, and benefit from high traffic counts.

Providence Building -
This historic downtown landmark presents a range of possibilities, from maintaining its use as a traditional office space to various conversion opportunities. It features sweeping views of Canal Park and Lake Superior, enhancing its appeal.

Phoenix Building -
A vibrant mixed-use retail and office property, the Phoenix Building is anchored by Starbucks and hosts a diverse tenant mix. It includes an income-generating attached parking ramp and is connected to the downtown skyway system.

Recent Property Updates -
Both buildings have undergone significant capital improvements, including upgraded windows, parking lot enhancements, new A/C units, modernized elevators, and an improved sprinkler system. The roofs receive biannual servicing to ensure optimal maintenance.

Market Advantage -
The Duluth CBD has seen no new office developments in the past decade, with no properties currently under construction, and nothing has been delivered in the downtown CBD submarket for the past ten years.

Strategic Economic Hub -
Duluth serves as a key economic center for northern Minnesota and Wisconsin. Home to the Port of Duluth-Superior, the farthest inland port on the Great Lakes, it plays a crucial role in shipping and logistics for the Upper Midwest.

Vibrant Community -
Duluth offers a dynamic and diverse community with a thriving educational and cultural scene. Residents are deeply connected to the region’s natural beauty, enjoying an abundance of outdoor recreational activities in the city’s picturesque surroundings.

Flexible Seller -
Partial seller financing options are available. Aggressive loan terms are achievable on this package.

Duluth is a port city on Lake Superior and is a tourist destination in northern Minnesota. Duluth, MN along with Superior, WI, are known as the Twin Ports, and are located on the Westernmost tip of Lake Superior. The Duluth–Superior port welcomes domestic and foreign vessels and is the largest port on the Great Lakes and the largest seasonal port in the world. In addition to being an international shipping hub, the Twin Ports boasts a wide array of industry and manufacturing, educational institutions, and tourist attractions.

Tourism drives the economy with over 6 million annual visitors. Canal Park is a popular and vibrant district located in the city of Duluth, Minnesota, situated on the shores of Lake Superior. This area has undergone significant redevelopment and has become one of the city's most iconic and bustling destinations. In addition to Canal Park Duluth has several attractions and amenities that draw visitors to the Twin Ports.

The Duluth, MN-WI Metropolitan Statistical Area is home to 290,000+ residents. It serves as a regional hub for health care, higher education, retail, and business services for Northern Minnesota and Canada. Duluth is also a college town and is home to The University of Minnesota Duluth, The College of St. Scholastica, Lake Superior College, and Duluth Business University.

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