Current Use by Public Records
- Retail properties & Spaces
Property Details for 1309 Avenue C
- Property type
- Retail properties & Spaces
- Property subtype
- Mixed-use properties
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cloquet
- County
- Carlton
- State
- Minnesota
- Longitude
- -92.4496
- Latitude
- 46.7222
