12 Lake Ave Duluth, MN 55802
- Commercial real estate
- 12,800 SF
Current Use by Public Records
- Commercial real estate
Property Details for 12 Lake Ave
- Property size
- 12,800 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.098725330271
- Latitude
- 46.787322952984
