For Sale: Duluth MLS# 7120670
Active
$159,900
Commercial: 2 Stories
Built 1914
0.23 acres
Duluth schools
MLS# 7120670
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Property Description
Unlock the potential of this unique mixed-use commercial property, which offers multiple income streams and exceptional flexibility. Formerly home to a neighborhood bar, the expansive main level provides approximately 2, 685 finished square feet and is primed for various future uses - from a restaurant, brewery, taproom, event venue, or retail space to office. Upstairs, the second level is already configured with the layout for up to four residential apartments, creating an outstanding value-add opportunity for an investor looking to establish stable, long-term rental income while maximizing the property’s earning potential. Additional highlights include a large basement offering extensive storage and utility space, a newer rubber membrane roof, and nearly three city lots worth of off-street parking - a rare amenity for a downtown commercial property that easily accommodates up to twenty cars. Whether you’re an owner-occupant looking to operate your own business while building equity through residential rental income, or an investor seeking a redevelopment opportunity with significant upside, this property offers endless possibilities in a high-visibility location. This is a rare chance to revitalize a landmark property and create a strong-performing investment with multiple revenue streams.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$159,900
Property Type:
Commercial
City:
Duluth
Garage Spaces:
0
County:
St. Louis
Year Built:
1914
State:
MN
Property Style:
2 Stories
Zip Code:
55808
Subdivision Name:
Gary First Div
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
8,528 ft2
Foundation Dimensions:
Unknown
Handicap Accessible:
Grab Bars In Bathroom
Heating System:
Forced Air
Parking Features:
On-Street Parking Only
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.23
Geolocation:
46.672708, -92.226119
Inclusions:
Building
Lot Dimensions:
100 x 97
Addl Parcels:
010180002600, 010180002620
Zoning:
Business/Commercial
Schools
School District:
709
District Phone:
2183368700
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$2,846
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$2,880
Units
Total Units:
2
Miscellaneous
Current Use:
Vacant
Fuel System:
Other
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
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.