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222 West Superior Street

~19,000 SF Downtown Duluth, Minnesota, Office Asset

RealINSIGHT Marketplace and NKF Capital Markets are pleased to present the opportunity to acquire the fee-simple interest in 222 West Superior Street, a prime office asset in downtown Duluth, Minnesota.

The property consists of an 18,869 rentable square foot, four-story office building (including a lower walkout level) currently 75% occupied. Situated in the historic Downtown Duluth submarket, the property is strategically located on West Superior Street with close proximity to Rte. 53 and I-35, which provides direct access to Minneapolis, as well as Kansas City.

222 West Superior also offers access to an abundance of amenities including retail, restaurants, as well as attractions such as America’s only freshwater aquarium, and many outdoor opportunities on Lake Superior.

INVESTMENT HIGHLIGHTS

Substantial Opportunity for Value Creation 222 West Superior provides a substantial value-add opportunity for a new owner to leverage the historic downtown Duluth location. Acquiring this asset at below-replacement cost will allow new ownership to aggressively compete for the best quality tenants.

Headquarter-Quality Appeal – The sophisticated brick exterior, interior finishes and desirable location, makes the asset attractive for an owner-occupant to establish presence in the Duluth submarket that has shown tremendous growth and resiliency.

Strategic Location, Excellent Amenities - The property is situated in downtown Duluth, Minnesota with immediate access to I-35, which provides convenient access south to Minneapolis, Minnesota, as well as Rte. 53, which leads directly into the heart of Wisconsin. Duluth, MN has also become a popular tourist destination for Midwest exploration. The convenient location to Lake Superior continues to attract more and more tourists and residents to this historic city.

Auctioneer: Col. Frank B., Imholte - License No. 84-302




 
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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

222 West Superior Street Office

222 West Superior Street, Duluth, MN 55802

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Current Bid: NO BID
Starting Bid: $525,000
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Asset Snapshot

  • Asset Type
  • Real Estate
  • Office Type
  • Suburban Office
  • Property Size
  • 18,869 Sq Ft
  • Year Built
  • 1916
  • Year Renovated
  • 1993
  • Number of Floors
  • 4
  • Number of Buildings
  • 1
  • Occupancy
  • 74.76%
  • Occupancy as of
  • Apr 30, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.