U.S. Bank confirmed Friday that it’s listed its downtown Duluth building for sale.
The sale price is unknown, and its listing follows News Tribune reporting from earlier Friday that the Minneapolis-based bank will close its Lincoln Park location.
The bank hopes to sign a long-term lease with the building’s future owner. The sale won’t impact customers or result in changes in staffing levels, a spokesperson with U.S. Bank wrote in an email.
“We are proud to serve our customers in the Duluth area and look forward to continuing to serve the community,” the spokesperson said.
The downtown building, constructed in 1982, is located at 130 W. Superior St. The 10-story building is comprised of over 152,000 square feet and was valued at over $7.6 million, according to the county’s property detail report.
The Star Tribune first reported on the sale and reported that Cushman & Wakefield is the property’s broker. A spokesperson with the Chicago-based commercial real estate firm wasn’t able to confirm that they were managing the property.
U.S. Bank’s Lincoln Park location will close effective Nov. 1, a decision that reflects increasing customer reliance on technology. It’s part of a 2019 plan aimed at optimizing branches in response to changing customer preferences and behaviors, according to News Tribune reporting.
Cushman & Wakefield has the Lincoln Park office listed for lease on its website.