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    1309 Avenue Cloquet, MN 55720

    Sponsored
    For Sale
    $850,000

    18,812 SF Flex Space, $850,000

    Property size:
    18,812 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This versatile 18,812 square foot mixed-use building in Cloquet, Minnesota, presents a unique investment opportunity. Situated on a 31,822 square foot lot, this single-tenant property boasts a prime C-2 General Business zoning designation. Originally constructed in phases between 1935 and 1955, with significant renovations in 1995, the building features a blend of office and warehouse/production space. The layout includes ten offices and three bathrooms, offering flexibility for various business needs. Office space is easily reconfigurable to suit specific requirements. The expansive warehouse area comprises two large wings, each with impressive 14-15 foot ceilings, ideal for warehousing or light manufacturing. The property benefits from excellent loading capabilities, including a semi-loading dock, a parcel dock, and three additional overhead doors. The west wing received a complete roof and HVAC system upgrade in 2019, further enhancing its functionality. Additional features include air compressors and three-phase power. The asking price is $850,000, a significant savings compared to the estimated $6 million+ cost of new construction. This NNN lease property offers a compelling opportunity for owner-occupancy or investment. The property's history includes use as light manufacturing (K1 Sportswear) and retail, demonstrating its adaptability to diverse business models.

    Property Features for 1309 Avenue

    General Information

    Property type
    Individual retail properties
    Square Feet
    18,812 SF

    Building Details

    Year Renovated
    1995
    Buildings
    1

    HighLights

    • $850,000 asking price for this 18,812 square foot multi‑use building.
    • Located in Cloquet, MN, this property is zoned C‑2 General Business and features a mix of flex, manufacturing, and retail space.
    • The building includes four loading docks (one semi‑loading dock, one parcel dock, and two overhead doors).
    • The interior offers 10 offices, 3 bathrooms, and easily adaptable office space.
    • Two large warehouse/production areas feature 14‑15 foot ceilings.
    • The west wing has a new roof and HVAC system (2019), air compressors, and 3‑phase power.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    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
    -92.449615456597
    Latitude
    46.722208277887

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    FAQs

    What type of property is this?
    Individual retail property - 18,812 SF Flex Space, $850,000
    Where is this individual retail property located?
    The property is located at 1309 Avenue Cloquet, MN.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price for this 18,812 square foot multi-use building.; Located in Cloquet, MN, this property is zoned C-2 General Business and features a mix of flex, manufacturing, and retail space.; The building includes four loading docks (one semi-loading dock, one parcel dock, and two overhead doors).
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    1309 Avenue Cloquet, MN 55720
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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
    1309 Avenue Cloquet, MN 55720
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