701 4Th StDuluth, MN 55805

For Sale
$980,000

1.41 Acres, Shovel-Ready, Medical Hub Proximity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 60,995 square foot commercial and industrial land parcel, located at 701-733 E 4th St, Duluth, MN 55805 (APN: 010-3830-14560 +14570+14630+14640), presents a unique investment opportunity. Priced at $980,000, this property offers significant potential for development. Situated within blocks of the Essentia Health Complex, this 1.41-acre site benefits from its strategic location near a major medical hub and a nearby grocery store. The property is zoned commercial and encompasses an entire city block, providing ample space for a variety of projects. Previous structures have been demolished, with all infrastructure removed, making the land essentially shovel-ready for new construction. A temporary lease on one lot offers potential for immediate income generation while development plans are finalized. The asking price translates to under $16 per square foot. This is a rare opportunity to acquire a large, well-located parcel in a growing area, ideal for a variety of commercial or industrial uses. The property's proximity to the medical complex and existing infrastructure makes it an attractive investment for developers seeking a prime location in Duluth, Minnesota. The lease on the existing lot expires October 31, 2023.

Highlights

  • High-growth area.
  • Excellent medical center proximity.
  • Convenient grocery store nearby.
  • Attractive rental rate: under $16 per square foot.
  • Durable metal building on a concrete slab.

Location Insight

City
Duluth
County
St. Louis
State
Minnesota
Latitude
46.8013694
Longitude
-92.0925034
701 4Th St, Duluth, Minnesota

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701 4Th St
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