Building Details

Stories 2

Listing Agency: Coldwell Banker Realty - Duluth Show Phone

Listed By: Ron Tondryk Show Phone

Source: Exprealty

Added: Jun 26 Changed: Aug 10 Last Checked: Aug 11 at 11:22AM

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Investment Insights

Based on property information with market context.

This two-story brick mixed-use building includes six income-producing units: two commercial storefronts and four residential apartments. The upper-level residential units have access to a second-story rear deck, and a washer and dryer serves the two upper apartments. Off-street parking is provided for tenants and visitors.

The property is positioned on Main Street and described as having high visibility and a strong traffic count. It is located in a central part of town and is approximately two blocks from the local bike trail.

Overall, the building offers a combined retail and residential configuration within a single, two-story structure.

Key Highlights

• Two‑story brick mixed‑use building with 6 income‑producing units: 2 commercial storefronts and 4 residential apartments
• Includes off‑street parking for tenants and visitors
• Upper residential units have access to a second‑story rear deck

Property Analytics

Property Profile

Current Use

Vernon Insurance Agency Insurance Agency Magnolia Cafe' Take-out & Catering Nutrifusion Physician Doran Marguerite Law Firm

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Storage Facility Grocery & Convenience Store Pharmacy (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

141

Businesses Nearby

Explore this area Business Placement

Demographics for 55718, MN

3,245

Population

1,251

Households

2.6

Avg Household Size

47

Median Age

28%

College-Educated

96%

High-School Grad

60.4 sq mi

ZIP Area

54

Density / Sq Mi

$98,448

Median Household Income

$51,974

Median Earnings

$878

Median Rent

$288,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-story brick mixed-use building with storefronts and residential units, plus off-street parking and a second-story rear deck.

Where is this mixed-use property located?

The property is located at 206 3rd St Carlton, MN.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: Two‑story brick mixed‑use building with 6 income‑producing units: 2 commercial storefronts and 4 residential apartments; Includes off‑street parking for tenants and visitors; Upper residential units have access to a second‑story rear deck