902 E 1ST ST

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902 E 1ST ST

Dulu, MN 55805-2142
Asking Price
$995K
Asset Type
Retail
Class
Class B

What's Special

902 East 1st Street is situated in the East End neighborhood of Duluth, Minnesota, positioned along a primary commercial corridor. The property sits within a high-traffic area characterized by a mix of historical residential structures and professional offices. It is located blocks away from the Essentia Health and St. Luke’s hospital campuses, providing steady daytime foot traffic. The location offers immediate access to the Lakewalk and is served by several DTA bus routes, ensuring connectivity to the Greater Downtown area and the Interstate 35 interchange. The building is suited for boutique retail, service-oriented businesses, or satellite medical offices. Its visibility along East 1st Street makes it a candidate for neighborhood-scale tenants, such as specialty groceries, fitness studios, or professional service firms. The typical tenant profile includes established local businesses or regional service providers seeking proximity to Duluth’s growing medical district and the surrounding dense residential population. The layout supports flexible floor plans adaptable to diverse commercial requirements within the retail sector.

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NOI
$80,000
Cap Rate
8.04%
DSCR
1.35
Strong
Cash-on-Cash
7.01%
Monthly Payment
$4,922.717
Annual Cash Flow
$20,927.395

Location & Travel Times