Posts tagged Holappa Commercial Real Estate
HERE WE GO AGAIN. COSTCO APPARENTLY SCOUTING FOR DULUTH LOCATION

Could Costco be coming to Duluth… this time for real?

Multiple sources are stating that Costco is working with a local real estate company to find a suitable site for building a new store within the area. At the moment it is rumored that three sites are in the running with one site in particular, at the corner of Haines Road and Arrowhead Road, having been named.

The site located at 4699 W Arrowhead Road has been listed for sale for a number of years by Holappa Commercial Real Estate. In total the site covers 54.2 acres which is much more space than what Costco typically would need. Costco stores on average are around 150,000 square feet which requires anywhere between 20-30 acres of land. However, the company does have some locations that around 250,000 square feet which require extra acreage. Now, just because there are 54 acres of land that doesn’t mean Costco would need to take all it and therefore could easily carve out a perfect acreage amount for their store.

4699 W Arrowhead Road  (Holappa Commercial Real Estate)

4699 W Arrowhead Road (Holappa Commercial Real Estate)

Costco is still expanding in Minnesota. The company just yesterday opened a brand-new 162,000 square foot store, the second largest in the state, in St. Cloud. Another, even bigger store, has been announced for the Twin Cities suburb of Eagan and is expected to open in late 2019/early 2020. Currently there are 10 other Costco locations within the state of Minnesota with the closet to Duluth being located in Baxter.

Costco plans to open 20+ new stores this year and is currently planning another 20 or more locations that would open by 2022. Duluth is currently not listed as a planned location.

Rumors of Costco coming to Duluth have been swirling for a number of years. We actually originally posted about the rumors back in 2016 when the company was said to be opening a store within the market that year or the following.

We have yet to hear of the other two sites within the area that Costco could potentially be looking at. As always, we want to remind our readers that at the moment this only a rumor. But hey, rumors become reality sometimes. Just take the recent confirmation of HomeGoods opening with Duluth as an example. 

We will be sure to post more information on our website about Costco coming to Duluth once more information is available. Until then, take a moment to check out our Development Map to see all of the other exciting projects under construction and planned for the Twin Ports.