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    1616 Cloquet Ave Cloquet, MN 55720

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    For Sale
    $345,000

    Commercial space with a remodeled 3BR apartment and garage.

    Property size:
    3,036 SF
    Lot size:
    39.18 Acres

    Property Features for 1616 Cloquet Ave

    General Information

    Size
    3,036 SF
    Lot size
    39.18 Acres

    Source: Greg Follmer Commercial Real Estate Agent Greg Follmer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property with Residential Unit

    This mixed-use property features approximately 1,500 square feet of main floor office space suitable for various businesses. The second floor includes a remodeled three-bedroom, one-bathroom apartment. A newer two-car detached garage is also located on the property. The property offers convenient access to I-35 and is suitable for investment or owner-occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cloquet
    County
    Carlton
    State
    Minnesota
    Longitude
    -92.446281
    Latitude
    46.721351

    Nearby Similar for Sale

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      Cloquet Ave Commercial Property

      High-Visibility Commercial Space, Great Investment
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    • $850,000
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    • $1,800,000
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    FAQs

    What type of property is this?
    Mixed-use property - Commercial space with a remodeled 3BR apartment and garage.
    Where is this mixed-use property located?
    The property is located at 1616 Cloquet Ave Cloquet, MN.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: - Commercial space with 2nd-floor residential rental unit; - 1,500 SF Main floor office space; - **Recently remodeled 3 BR/1 BA apartment**
    (218) 310-0013
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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
    1616 Cloquet Ave Cloquet, MN 55720
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