Technical
Financial
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Property profile

1321 Commonwealth Ave Duluth, MN 55808

OFF-MARKET
Other mixed-use properties
Property ID
US46-3022415
3,216 SF Built 1916
Individually Owned 4-yr Hold
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Property summary

AI-generated overview

The property is located in Gary, New Duluth and is configured as a bar and entertainment venue with associated support uses. Interior features include an original wood bar, stand-up beer coolers, a walk-in keg cooler, and a soda cooler. There is a fenced outdoor recreation area with fire pits, horseshoe pits, and an outdoor band stage for event use. Two apartments are situated above the bar, providing residential space over the commercial area. The bar includes remodeled bathrooms (remodeled in 2023). Parking and storage include 14 off-street parking spaces and a two-plus car garage. A rental license, fixtures, and equipment are included as part of the property configuration. The site is positioned near public transportation and local stores and is suitable for operation as a small business.

Property profile

Verified
Property type Other mixed-use properties
Year built 1916
Total area 3,216 SF
UPID US46-3022415

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1321 Commonwealth Ave Duluth, MN 55808
Duluth metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
1 recorded transaction
2021
$95,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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