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2 W 1st St
Duluth, MN 55802
Retail Property For Sale
Investment Highlights
- Secure, Tenant-Focused Access
- Modern Building Systems
Executive Summary
Located at 2 West 1st St in Duluth, MN, this fully redeveloped 14,275 SF Class-A office building offers a rare blend of historic character and modern infrastructure. Originally built in 1912, the property has been completely gutted and rebuilt with all-new finishes, systems, and fittings, including a new elevator, third floor addition, and a striking main entry lobby. Recent upgrades include new energy-efficient windows and doors, EPDM roof, masonry repairs, restored historic cornice, all-new HVAC, plumbing, electrical, fiber connectivity, life-safety systems, and a full fire sprinkler system. Tenants benefit from dedicated or centrally metered HVAC, separate power meters, secure building access, and ample parking via the adjacent Tech Village Ramp. Situated on a 100×60 lot, the property is offered at $1,825,000 with 2026 taxes of $34,190, presenting a turnkey opportunity in Downtown Duluth.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
12,000 SF
Building Class
C
Year Built
1912
Price
$2,525,070 CAD
Price Per SF
$210.42 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.97
Lot Size
0.14 AC
Opportunity Zone
Yes
Parking
10 Spaces (0.52 Spaces per 1,000 SF Leased)
Frontage
114’ on W 1st St
Amenities
- Signage
Property Taxes
| Parcel Number | 010094000610 | Improvements Assessment | $1,322,168 CAD |
| Land Assessment | $156,900 CAD | Total Assessment | $1,479,068 CAD |
Property Taxes
Parcel Number
010094000610
Land Assessment
$156,900 CAD
Improvements Assessment
$1,322,168 CAD
Total Assessment
$1,479,068 CAD
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