For Sale: Duluth MLS# 7025182
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Property Description
**BUILDING ONLY FOR SALE** Excellent mixed-use investment opportunity in the heart of Duluth’s Chester Park neighborhood. This commercial building features a well-established lower-level commercial tenant and an upper residential unit, offering diversified income potential. The lower unit is currently leased at $2, 500 per month and pays an additional CAM charge of $3 per square foot, providing increased return and shared expense coverage for ownership. The upper unit is a 2-bedroom, 1-bath apartment currently leased at $1, 287 per month, creating strong supplemental income. Property includes rental license and is conveniently located near UMD, schools, and major thoroughfares. A solid opportunity for investors seeking stable cash flow with upside potential in a high-demand area.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$450,000
Property Type:
Commercial
City:
Duluth
Garage Spaces:
0
County:
St. Louis
Year Built:
1916
State:
MN
Property Style:
2 Stories
Zip Code:
55805
Subdivision Name:
Chester Park Div Of Duluth
Interior
Ceiling Height:
11-15
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
702 ft2
Foundation Dimensions:
27 x 26
Handicap Accessible:
Doors 36"+, Wheelchair Ramp(s)
Heating System:
- Forced Air
- Other
Parking Features:
Other
Exterior Material:
Brick
Lot & Land
Acres:
0.112
Geolocation:
46.805456, -92.092266
Inclusions:
Building
Lot Dimensions:
35 x 140
Zoning:
Business/Commercial
Schools
School District:
2223
District Phone:
2183368700
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,148
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,148
Units
Total Units:
2
Miscellaneous
Current Use:
- Residential
- Restaurant
Fuel System:
- Electric
- Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.