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    Turnkey Cloquet Commercial Office Space Title is generated by Realmo AI

    2-1103 Avenue B, Cloquet, MN 55720

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    Single-level office space with flexible layout in Cloquet, Minnesota.

    Property size:
    1,362 SF
    Added:
    Mar 17, 2026
    Days on Market:
    73
    Last Refresh:
    May 18 at 11:26 pm

    Property Features for 2-1103 Avenue B

    General Information

    Standard status
    Active
    Size
    1,362 SF

    We can help!

    Listing Contact
    Brittany Kuschel
    Brittany Kuschel

    Listing agent Brittany Kuschel

    Listing office Kuschel Realty Group LLC

    Listing date Mar 17, 2026

    Source Exprealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of Kuschel Realty Group LLC

    HighLights

    • Turnkey commercial space in Cloquet, ready for immediate occupancy.
    • Flexible City Center zoning allows for a variety of uses (retail, office, etc.).
    • 1,362 SF of single‑level office space with abundant natural light.
    • Includes a reception area, two private offices, and a flexible open space (approx. 800 SF).
    • Additional enclosed space suitable for a third office, copy room, or storage.
    • Conference room available to rent separately.

    Overview

    This commercial space, formerly the Viking Lumber Building on Avenue B in Cloquet, Minnesota, offers a turnkey opportunity. The property is zoned City Center, allowing for various uses, including retail, government services, community services, clinics, and financial institutions. The single-level office space features 1,362 square feet with ample natural light and no internal stairs. It includes a reception area or foyer, two dedicated offices, and an additional enclosed space suitable for a third office, copy room, or storage. There is also approximately 800 square feet of flexible, open space that can be reconfigured with cubicles or partitions. The property includes a shared entrance and a shared half bath. An additional conference room measuring 27'7" x 9'7" is available for rent. The lease rate is $17 per square foot, plus utilities and maintenance.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cloquet
    County
    Carlton
    State
    Minnesota
    Longitude
    -92.46207
    Latitude
    46.71563

    Nearby Similar for Sale

    • $345,000
      3,036 SF

      Mixed-Use Property with Residential Unit

      Commercial space with a remodeled 3BR apartment and garage.
      1616 Cloquet Ave, Cloquet, MN
      View Details
    • $849,000
      18,812 SF

      Multi-Use Building in Cloquet

      Functional building suitable for manufacturing, retail, and office uses.
      1309 Ave C, Cloquet, MN 55720
      View Details

    FAQs

    What type of property is this?
    Office units - Single-level office space with flexible layout in Cloquet, Minnesota.
    Where is this office units located?
    The property is located at 2-1103 Avenue B Cloquet, MN.
    What are key features of this property?
    This property features: Turnkey commercial space in Cloquet, ready for immediate occupancy.; Flexible City Center zoning allows for a variety of uses (retail, office, etc.).; 1,362 SF of single‑level office space with abundant natural light.
    (218) 260-7744
    We can help!
    Listing Contact
    Brittany Kuschel
    Brittany Kuschel
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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