Mount Royal Manor Offering Memorandum
Mount Royal Manor is a 114 unit apartment community located in the Chester Park neighborhood of Duluth, Minnesota. The seven-story building gives tenants picturesque and unparalleled views of the University, downtown Canal Park, and Lake Superior, creating a true North Shore experience for residents.
Mount Royal Manor is a 114 unit apartment community located in the Chester Park neighborhood of Duluth, Minnesota. The seven-story building gives tenants picturesque and unparalleled views of the University, downtown Canal Park, and Lake Superior, creating a true North Shore experience for residents.
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
MARKET OVERVIEW<br />
<strong>Mount</strong> <strong>Royal</strong> <strong>Manor</strong><br />
Location Overview<br />
Economic Development<br />
The city of Duluth is the hub of a thriving region in northeastern Minnesota called the Arrowhead. With $9 billion in annual consumer spending and approximately $2 billion<br />
planned for new capital investments, Duluth is positioned to benefit from economic opportunities for years to come.<br />
Its international seaport accesses the world through the St. Lawrence Seaway. Natural resources such as taconite (iron ore) and timber helped build the area economy<br />
and continue to fuel growth today. Duluth and its neighboring communities have benefited from the expansion of new industries in health care, precision manufacturing,<br />
metal fabrication and aerospace.<br />
The Duluth International Airport provides state-of-the-art services from high-speed Internet for travelers to 24/7 air traffic control and radar coverage. More than $73.9<br />
million in capital investments at the airport are either completed or pending, including a new and improved fixed-base operator, Category II instrument landing capabilities<br />
to minimize delays in foul weather, auto-pay parking system, in-line baggage screening process, and 24 hour U.S. Customs assistance. The airport also recently completed<br />
a $65 million new passenger terminal project.<br />
Major Employers in Duluth<br />
Essential Health 7,880<br />
Saint Mary’s Duluth Clinic 6,000<br />
Heads Up 5,016<br />
Comfort Systems 1,755<br />
Saint Mary’s Medical Center 1,544<br />
Saint Luke’s Hospital of Duluth 1,533<br />
University of Minnesota Duluth 1,100<br />
United Health Care 950<br />
County of Saint Louis 824<br />
Duluth Entertainment Convention Center 586<br />
Duluth Messabe Iron Range Railway 550<br />
Proximity to Major Destinations & Amenities<br />
<strong>Mount</strong> <strong>Royal</strong> Shopping Circle<br />
University of Minnesota Duluth<br />
Lake Superior<br />
College of St. Scholastica<br />
St. Luke’s Hospital<br />
St. Mary’s Duluth Clinic<br />
Canal Park - Downtown Waterfront | Aerial Lift Bridge<br />
United Health Care<br />
Duluth Entertainment Convention Center<br />
Duluth International Airport<br />
Lake Superior Zoo<br />
Spirit <strong>Mount</strong>ain Ski/Recreation Area<br />
0.4 Miles<br />
0.3 Miles<br />
1.6 Miles<br />
1.9 Miles<br />
2.0 Miles<br />
2.4 Miles<br />
3.7 Miles<br />
3.8 Miles<br />
3.8 Miles<br />
6.8 Miles<br />
9.1 Miles<br />
11.2 Miles<br />
36<br />
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are<br />
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future<br />
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap ACT ID Y0510304
Change language