1005 Cloquet Ave Cloquet, MN 55720-1617
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.