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    2301 Commonwealth Ave Duluth, MN 55808

    For Sale
    $1,900,000

    Prime Industrial Property - 33,656 SF

    Property size:
    33,656 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional industrial property in Duluth, Minnesota, presents a rare opportunity for investors and businesses alike. Located at 2301 Commonwealth Ave, this expansive site encompasses 23 acres and features three buildings totaling 33,656 square feet. Currently configured as a foundry, the property offers significant potential for a variety of manufacturing and warehousing uses. The asking price is $1,900,000, translating to $56.45 per square foot. The property is zoned MU-B, allowing for flexibility in future development plans. Convenient access to Interstate 35 ensures seamless transportation and logistics. The property includes three separate buildings, providing ample space for diverse operations or expansion. Parcel numbers are 010-2746-01215, 01230, and 01300. Situated in St. Louis County, this location offers a strategic advantage within the Duluth market. The property's size and zoning provide a strong foundation for long-term growth and profitability. This is a unique opportunity to acquire a substantial industrial property with significant upside potential in a desirable location. The property's current configuration as a foundry provides a solid base for continued operation or redevelopment to suit a variety of industrial needs. The expansive lot size offers ample room for expansion or future development. The convenient access to Interstate 35 is a key advantage for businesses requiring efficient transportation links.

    Property Features for 2301 Commonwealth Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    33,656 SF
    Lot Size
    1,001,880 SF

    Building Details

    Buildings
    3

    HighLights

    • $1,900,000 asking price.
    • 33,656 square foot industrial property.
    • $56.45 per square foot.
    • Three buildings on a 23‑acre lot.
    • MU‑B zoning.
    • Located at 2301 Commonwealth Ave, Duluth, MN 55808.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duluth Brass Manufacturing Foundry

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Duluth
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.226468453299
    Latitude
    46.681066208952

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    FAQs

    What type of property is this?
    Distribution property - Prime Industrial Property - 33,656 SF
    Where is this distribution property located?
    The property is located at 2301 Commonwealth Ave Duluth, MN.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price.; 33,656 square foot industrial property.; $56.45 per square foot.
    Request Owner's contact information
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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
    2301 Commonwealth Ave Duluth, MN 55808
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