5289 Rice Lake RdDuluth, MN 55803

For Sale
$895,000

8,832 SF Retail Space, $895,000

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional storefront property, located at 5289 Rice Lake Rd in Duluth, Minnesota, presents a compelling investment opportunity. Priced at $895,000, this 8,832 square foot building sits on a 2.27-acre lot and offers a unique blend of retail and potential multi-use functionality. Constructed in 1989, the two-story structure features a main floor ideally suited for retail operations, complete with a rear production area. The expansive upper level provides ample storage space, with the potential for conversion into additional rental units, further enhancing the property's income potential. The property boasts excellent visibility and convenient access from Highway 4. Its self-sufficient infrastructure includes a private well and septic system, minimizing reliance on municipal services. The property's address is 5289 Rice Lake Rd, Duluth, MN 55803, and its parcel number is 520-0014-00011. This versatile property is ready for a new owner to capitalize on its prime location and adaptable layout, making it an attractive investment for a variety of businesses. The price per square foot is $101.34. The building consists of one unit across one building.

Highlights

  • $895,000 asking price for this retail storefront.
  • 8,832 square feet, with a price per square foot of $101.34.
  • Located at 5289 Rice Lake Rd, Duluth, MN 55803.
  • Single-unit, two-story building constructed in 1989, situated on a 2.27-acre lot.
  • Features a main floor ideal for retail, with a rear production area, and a spacious upper level suitable for storage or conversion to rental units.
  • Includes a private well and septic system.

Property Details for 5289 Rice Lake Rd

Property type
Other retail properties, Individual retail properties
Square Feet
8,832 SF
Year Built
1989
Buildings
1
Stories
2
Units
1

Location Insight

City
Duluth
County
St. Louis
State
Minnesota
Latitude
46.8942765
Longitude
-92.1545328
5289 Rice Lake Rd, Duluth, Minnesota

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5289 Rice Lake Rd
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