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    1601 Maple Grove Rd Duluth, MN 55811

    Sponsored
    For Sale
    $595,000

    Prime Duluth commercial land, high rental potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land parcel, located at 1601 & 1517 Maple Grove Rd, Duluth, MN 55811, presents a unique investment opportunity. Encompassing approximately 0.91 to 1.24 acres (APN: 010-2240-00010, 010-2230-05680, 010-2230-05640), this property is zoned MU-C & MU-N, allowing for a variety of uses. The land's strategic location in the highly desirable Miller Hill area offers excellent visibility and accessibility. While the parcel slopes towards the rear, a significant portion provides ample usable space along Joshua Avenue and Maple Grove Road. The property's potential includes residential multi-family development and numerous retail and service businesses. Existing structures could generate rental income or be converted for office space, capitalizing on the area's strong rental market demand. This prime location offers significant potential for substantial returns. The asking price for this remarkable property is $595,000. Don't miss this chance to acquire a piece of Duluth's thriving commercial landscape.

    Property Features for 1601 Maple Grove Rd

    General Information

    Property type
    Residential income homes
    Lot Size
    39,640 SF

    HighLights

    • Flexible use: Ideal for rental income or conversion to office space.
    • High rental demand: Excellent location within the desirable Miller Hill area, commanding strong rental rates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Centi Mark Corporation Roofing Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Duluth
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.1580823
    Latitude
    46.8078176

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    FAQs

    What type of property is this?
    Residential income home - Prime Duluth commercial land, high rental potential.
    Where is this residential income home located?
    The property is located at 1601 Maple Grove Rd Duluth, MN.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Flexible use: Ideal for rental income or conversion to office space.; High rental demand: Excellent location within the desirable Miller Hill area, commanding strong rental rates.;
    (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
    1601 Maple Grove Rd Duluth, MN 55811
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