A G THOMSON HOUSE BED AND BREAKFAST: #1 B&B IN THE UNITED STATES 2617 E 3RD STREET DULUTH, MN 55812 Frank Jermusek, JD President / Managing Director 952.820.1615 frank.jermusek@svn.com Edward Rupp Senior Advisor 952.820.1634 edward.rupp@svn.com Cameron Peterson Senior Advisor 952.820.1688 cameron.peterson@svn.com SVN NORTHCO REAL ESTATE SERVICES 5353 WAYZATA BLVD., SUITE 400, MINNEAPOLIS, MN 55416 SALE BROCHURE
Property Summary OFFERING SUMMARY Sale Price: $1,395,000 Lot Size: 0.86 Acres Year Built: 1908 Building Size: 5,365 SF Renovated: 2007 Zoning: R1 - Residential Traditional Zoning District Market: Duluth Add'l Development Land: $150,000/lot PROPERTY OVERVIEW SVN Northco is pleased to present for sale the historic AG Thomson House Bed and Breakfast in Duluth, MN ("Property"). This Property was rated as TripAdvisor's #1 B&B in the United States in 2012 and 2016. The Property consists of a seven-room bed and breakfast. Not included in the purchase price is.65 acres of additional development land. The additional development land can be sold off as two separate lots for residential development, or as additional units for the bed and breakfast operation. PROPERTY HIGHLIGHTS Historic seven-room B&B located in the Historic Congdon Mansion District of Duluth, Minnesota, just minutes from downtown Duluth, Canal Park, the Glensheen Mansion, and numerous restaurants and attractions The Property consists of the two-and-a-half story main home (5,365 square feet), a two-story carriage house (which is 1,580 square feet and is utilized in the bed and breakfast operation), and a parking lot Rated the #1 B&B in the United States and the #10 B&B in the world by Tripadvisor (2016) Impeccable reputation, including a "5-star" rating on nearly every online review site The majority of the FF&E has either been purchased by the current owners or was new in 2000, when the entire facility was upgraded to its current use as a B&B. New equipment is purchased annually A G THOMSON HOUSE BED AND BREAKFAST 2617 E 3RD STREET DULUTH, MN 55812 SVN Northco Real Estate Services Page 2
Sale Highlights SALE HIGHLIGHTS Historic seven-room B&B located in the Historic Congdon Mansion District of Duluth, Minnesota, just minutes from downtown Duluth, Canal Park, the Glensheen Mansion, and numerous restaurants and attractions The Property consists of the two-and-a-half story main home (5,365 square feet), a two-story carriage house (which is 1,580 square feet and is utilized in the bed and breakfast operation), and a parking lot Rated the #1 B&B in the United States and the #10 B&B in the world by Tripadvisor (2016) Impeccable reputation, including a "5-star" rating on nearly every online review site The majority of the FF&E has either been purchased by the current owners or was new in 2000, when the entire facility was upgraded to its current use as a B&B. New equipment is purchased annually The living quarters consist of: third floor (two bedrooms, a living room, and a bathroom, and kitchen), basement level (guest apartment or family room with a bath and a small kitchen plus den) Mechanical components of the home include a newer 400-amp electrical service, a newer gas boiler, a security system, and a phone system. There are air conditioning units in each guestroom and on the main floor. The roof was replaced approximately 6 years ago Duluth is located roughly two and a half hours from the Twin Cities by car, and is the city where Highway 61 begins and connects to the North Shore of Lake Superior Two additional development lots are available to the northeast of the Property at a price of $150,000 per lot; these lots can be utilized for residential development or for additional bed and breakfast units A G THOMSON HOUSE BED AND BREAKFAST 2617 E 3RD STREET DULUTH, MN 55812 SVN Northco Real Estate Services Page 3
Additional Photos A G THOMSON HOUSE BED AND BREAKFAST 2617 E 3RD STREET DULUTH, MN 55812 SVN Northco Real Estate Services Page 4
Location Maps A G THOMSON HOUSE BED AND BREAKFAST 2617 E 3RD STREET DULUTH, MN 55812 SVN Northco Real Estate Services Page 5
Demographics Map POPULATION 25 MILES 50 MILES 150 MILES Total population 217,809 296,680 3,170,319 Median age 37.5 38.6 38.7 Median age (Male) 36.4 37.8 37.6 Median age (Female) 38.7 39.6 39.8 HOUSEHOLDS & INCOME 25 MILES 50 MILES 150 MILES Total households 90,986 123,966 1,282,375 # of persons per HH 2.4 2.4 2.5 Average HH income $60,666 $59,916 $69,031 Average house value $185,528 $182,337 $232,778 * Demographic data derived from 2010 US Census A G THOMSON HOUSE BED AND BREAKFAST 2617 E 3RD STREET DULUTH, MN 55812 SVN Northco Real Estate Services Page 6