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Property profile & analytics
OFF-MARKET
Commercial real estate

12 Lake Ave Duluth, MN 55802

12,800 SF
Property ID
US46-3044215
Property summary
AI-generated overview

This exceptional mixed-use building, located at 12 N Lake Ave in the heart of Duluth, Minnesota, presents a unique investment opportunity. The property boasts a total of 12,800 square feet, distributed across four floors, each encompassing 3,200 square feet. The building's versatile layout includes a completed condo unit ranging from 890 to 1100 square feet, and a storefront area of similar size. The third and fourth floors offer expansive, open spaces ready for customization and tenant build-out, allowing for a wide range of uses. The building's solid brick construction ensures durability and character. Its central downtown Duluth location provides excellent visibility and accessibility, benefiting from the convenient parking available in the adjacent Tech Village ramp. This property is ideally suited for an investor or developer seeking to capitalize on the vibrant Duluth market. The asking price is $995,000. The property's zoning allows for multifamily, office, and retail uses, offering significant flexibility and potential for high returns. This is a rare opportunity to acquire a substantial property in a prime location with significant upside potential. The building's existing features, combined with its adaptable space, make it an attractive proposition for a variety of development scenarios. Don't miss this chance to own a piece of Duluth's thriving downtown core.

Property profile
Verified
Property type Commercial real estate
Total area 12,800 SF
UPID US46-3044215
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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