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Providence Building 332 W Superior St 48,300 SF 94% Leased Office Building Duluth, MN 55802 $4,083,066 CAD ($84.54 CAD/SF) 8.42% Cap Rate
INVESTMENT HIGHLIGHTS
- Nearly Fully Occupied Building
- Well-Maintained Building
- Strategic Economic Hub
- Prominent Building
- Market Advantage
- Vibrant Community
EXECUTIVE SUMMARY
The Providence building has a small vacant unit. Historically, the building has a history of high occupancy rates. Centrally located in downtown Duluth, the building offers excellent visibility, prominent signage, and benefits from high traffic counts.
Prominent Building -
This historic downtown landmark presents a range of possibilities, from maintaining its use as a traditional office space to various conversion opportunities. It features sweeping views of Canal Park and Lake Superior, enhancing its appeal.
Well-Maintained Building -
The building has undergone significant capital improvements, including upgraded windows, new A/C units, modernized elevators, and an improved sprinkler system. The roof receives biannual servicing to ensure optimal maintenance.
Market Advantage -
The Duluth CBD has seen no new office developments in the past decade, with no properties currently under construction, and nothing has been delivered in the downtown CBD submarket for the past ten years.
Strategic Economic Hub -
Duluth serves as a key economic center for northern Minnesota and Wisconsin. Home to the Port of Duluth-Superior, the farthest inland port on the Great Lakes, it plays a crucial role in shipping and logistics for the Upper Midwest.
Vibrant Community -
Duluth offers a dynamic and diverse community with a thriving educational and cultural scene. Residents are deeply connected to the region’s natural beauty, enjoying an abundance of outdoor recreational activities in the city’s picturesque surroundings.
Flexible Seller -
Partial seller financing options are available. Aggressive loan terms are achievable on this package.
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Professional, Scientific, and Technical Services
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- -
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As a team, MSA offers the technical proficiency to accomplish just about any community or land development project. But that’s just what their resume tells clients. Partner with them, and clients will see just how deep their commitment runs. It’s hard not to be passionate about the work people do when they can see the impact it makes. The desire to benefit society and improve how people interact with their environment is at the center of everything they do. MSA specializes in the sustainable development of communities. They achieve this by building honest, open relationships that go beyond the project to become a trusted source of expertise and support for immediate challenges and long-term goals. Big or small, they do whatever it takes to meet each need, working to make communities stronger in the process.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Professional, Scientific, and Technical Services | - | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 010041000840 | Improvements Assessment | $2,171,623 CAD |
| Land Assessment | $275,710 CAD | Total Assessment | $2,447,333 CAD |
PROPERTY TAXES
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Providence Building | 332 W Superior St
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