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329-355 S Lake Ave 5,800 SF of Retail Space Available in Duluth, MN 55802
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 355 | 5,800 SF | Negotiable | $24.93 CAD/SF/YR $2.08 CAD/SF/MO $144,619 CAD/YR $12,052 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 355
±5,800 SF restaurant space Canal Park location on S Lake Avenue NNN lease structure Existing restaurant buildout Flexible layout for dining, bar, and kitchen areas High pedestrian and vehicle visibility Steps from public parking, waterfront, hotels, and local attractions
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 329-355 S Lake Ave, Duluth, MN 55802
- Tenant
- Description
- US Locations
- Reach
- Adventure Zone
- Arcade
- 1
- Local
- Vertical Endeavors
- Other Services
- 3
- National
- Wheel Fun Rentals
- Other Services
- 23
- National
| Tenant | Description | US Locations | Reach |
| Adventure Zone | Arcade | 1 | Local |
| Vertical Endeavors | Other Services | 3 | National |
| Wheel Fun Rentals | Other Services | 23 | National |
Property Facts
| Total Space Available | 5,800 SF | Year Built | 1919 |
| Property Type | Retail | Parking Ratio | 0.18/1,000 SF |
| Gross Leasable Area | 109,436 SF |
| Total Space Available | 5,800 SF |
| Property Type | Retail |
| Gross Leasable Area | 109,436 SF |
| Year Built | 1919 |
| Parking Ratio | 0.18/1,000 SF |
About the Property
Turnkey-style restaurant opportunity in Canal Park, Duluth. This ±5,800 SF space features a second-generation restaurant layout, fully equipped with commercial hood/ventilation, walk-in cooler/freezer, and grease trap, allowing operators to significantly reduce buildout time and costs. Located in a high-traffic, high-visibility corridor surrounded by tourism, retail, and hospitality, this is an ideal setting for a full-service restaurant, bar, or fast-casual concept.
Nearby Major Retailers
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329-355 S Lake Ave
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