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    1005 Cloquet Ave Cloquet, MN 55720

    Sponsored
    For Sale
    $249,900

    High-Visibility Commercial Space, Great Investment

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 1005 Cloquet Avenue in Cloquet, Minnesota, presents a remarkable investment opportunity. Situated on a 0.06-acre lot, the building offers high visibility and significant foot traffic due to its prime Main Street location. Currently configured and operating as a salon, the space is adaptable and readily convertible to suit a wide range of commercial uses. Potential buyers could easily continue the existing salon business or transition the space into a retail store, office complex, boutique, or other commercial venture. The building itself is well-maintained, reflecting a commitment to quality and upkeep. Its versatile layout and prime location combine to create a compelling proposition for entrepreneurs and investors seeking a high-traffic, high-visibility commercial space. The asking price is $249,900. This property represents a rare chance to acquire a well-established commercial building in a thriving area with significant potential for growth and return on investment. The property's strong location and adaptable interior make it an ideal choice for a variety of business types. Don't miss this chance to secure a valuable asset in a desirable Cloquet location.

    Property Features for 1005 Cloquet Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    2,614 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cloquet
    County
    Carlton County
    State
    Minnesota
    Longitude
    -92.45325
    Latitude
    46.7219

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility Commercial Space, Great Investment
    Where is this commercial real estate located?
    The property is located at 1005 Cloquet Ave Cloquet, MN.
    What is the asking price?
    The asking price for this property is $249,900.
    (218) 722-2810
    Request Owner's contact information
    1005 Cloquet Ave Cloquet, MN 55720
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    Cloquet, MN 55720
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1005 Cloquet Ave Cloquet, MN 55720
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