JLL Capital Markets Wraps Up $8.5M Sale Of Canal Park Square In Duluth, Minnesota

Canal Park Square, a historic mixed-use redevelopment in Duluth, Minnesota, has been sold for $8.5 million, according to JLL Capital Markets. The property, located at 302 South Lake Avenue, underwent a redevelopment in 2015 and now offers 29 luxury apartments, six retail spaces, and a prime location in Canal Park with nearby retail amenities.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $8,500,000
• Address: 302 South Lake Avenue, Duluth, Minnesota
• Market: Duluth, Minnesota
• Seller: Sherman Associates
• Brokers: Devon Dvorak, Mox Gunderson, Dan Linnell, Josh Talberg, and Adam Haydon - JLL

JLL Capital Markets facilitated the sale of Canal Park Square, with Devon Dvorak, Mox Gunderson, Dan Linnell, Josh Talberg, and Adam Haydon from JLL acting as the brokers. The transaction represents a significant investment opportunity in a well-established mixed-use property with a rich history and a prime location in Duluth's Canal Park neighborhood.