Please Wait ...

Minnesota National Bank Building
Four Level Office Building in Duluth’s Central Business District

 

Investment Highlights


Value-Add Opportunity - The Property is currently 74.7% leased. With the Property’s great location, investors can realize the opportunity to add value by strategically leasing up the remaining vacant space, located directly across the street from the recently completed Duluth Transit Center.

Strong Location – The property is conveniently located very near numerous parking ramps, has on-street parking at the front door and is Skywalk connected. Across Michigan Street is the Duluth Transit Center which houses the local transit bus hub, Jefferson Lines, Arrowhead Transit, Indian Trails and the downtown Duluth Police sub-station. Across Superior St. sits the Holiday Center with the Holiday Inn and numerous retail offerings. The Property also benefits from immediate access to I-35, which provides convenient access south to Minneapolis, as well as Rte. 53, which leads directly into the heart of Wisconsin.

 

Exceptional Visibility – The property has exceptional visibility with awning signage available to tenants. Duluth is the largest metropolitan area north of the Twin Cities of Minneapolis/St. Paul with major medical offerings, a major port and serves as the county seat. Population is 86,000 with 200,000 residents within 30 miles. 

 

Property Tours: Please contact Dave Holappa to schedule a tour of the Property and the market.  


The Offering


Holappa Commercial Real Estate, Inc., in conjunction with RealINSIGHT Marketplace, is pleased to offer the opportunity to acquire Minnesota National Bank building, a 18,869 sf office property. The property underwent a significant renovation in 2006 as part of a new tenant buildout on the upper two levels, and also in 2011 as part of a new tenant buildout on the lower two levels. This four-story (plus basement) property is currently 74.7% leased and is conveniently located in the central business district of Duluth, with frontage on both Superior St. and Michigan St. Adjacent uses are office, retail and tourism related.

 

 

 

 

 

Login required to access due diligence materials.

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.

Minnesota National Bank Building - Duluth MN

222 West Superior Street, Duluth, MN 55802

Current Bid:
Starting Bid:

Asset Snapshot

  • Asset Type
  • Real Estate
  • Land Area
  • 0.13 Acres
  • Year Built
  • 1916
  • Year Renovated
  • 2011
  • Number of Floors
  • 4
  • Number of Buildings
  • 1
  • Occupancy
  • 74.76%
  • Occupancy as of
  • May 31, 2019
  • Office Type
  • CBD Office
  • Property Size
  • 18,869 Sq Ft
  • Platform Fee

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

  • Auctioneer

    1. Col. Frank B., Imholte

      c/o Fisher Auction Company Inc.

      License: 84-302