12 Lake Ave Duluth, MN 55802
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.