Phoenix Building | Duluth, MN

Duluth is a port city on Lake Superior and is a tourist destination in northern Minnesota. Duluth, MN along with Superior, WI, are known as the Twin Ports, and are located on the Westernmost tip of Lake Superior. The Duluth–Superior port welcomes domestic and foreign vessels and is the largest port on the Great Lakes and the largest seasonal port in the world. In addition to being an international shipping hub, the Twin Ports boasts a wide array of industry and manufacturing, educational institutions, and tourist attractions. Tourism drives the economy with over 6 million annual visitors. Canal Park is a popular and vibrant district located in the city of Duluth, Minnesota, situated on the shores of Lake Superior. This area has undergone significant redevelopment and has become one of the city's most iconic and bustling destinations. In addition to Canal Park Duluth has several attractions and amenities that draw visitors to the Twin Ports. The Duluth, MN-WI Metropolitan Statistical Area is home to 290,000+ residents. It serves as a regional hub for health care, higher education, retail, and business services for Northern Minnesota and Canada. Duluth is also a college town and is home to The University of Minnesota Duluth, The College of St. Scholastica, Lake Superior College, and Duluth Business University.Fully Occupied Building - This mixed-use retail/office building is fully occupied with a great mix of tenants. Starbucks anchors the building, which also has an attached parking ramp that generates income for the property. Prime Downtown Location - Great corner location in downtown Duluth. Centrally located with signage, high traffic counts, and is also connected by skyway in downtown. Recent Property Updates - Multiple CAPEX projects including windows, parking lot, A/C units, elevators, sprinkler system, and the roof is serviced biannually. Market Advantage - In the Duluth CBD there are no office properties under construction, and nothing has been delivered in the downtown CBD submarket for the past ten years. Strategic Economic Hub - Duluth serves as an economic hub for a large area of northern Minnesota and Wisconsin. The Port of Duluth-Superior sits at the farthest inland point on the Great Lakes, which allows it to serve as a hub for shipments for the entire upper Midwest. Vibrant Community - Duluth boasts a diverse and dynamic community and has a strong educational and cultural scene. Duluth's population is known for its strong ties to the region's natural beauty, with many residents enjoying outdoor activities in the city's scenic surroundings. Flexible Seller - Partial seller financing options are available. Aggressive loan terms are achievable on this package.