2301 Commonwealth Ave Duluth, MN 55808
- Manufacturing properties
- 20,000 SF
- 13.55 lot acres
Current Use by Public Records
- Duluth Brass Manufacturing / Foundry / Machine Shop
Property Details for 2301 Commonwealth Ave
- Year built
- 1985
- Lot size
- 13.55 lot acres
- Property size
- 20,000 SF
- Property type
- Manufacturing properties
- APN
- 010-2746-01230
- APU
- 10274601230
Description
This exceptional industrial property in Duluth, Minnesota, presents a rare opportunity for investors and businesses alike. Located at 2301 Commonwealth Ave, this expansive site encompasses 23 acres and features three buildings totaling 33,656 square feet. Currently configured as a foundry, the property offers significant potential for a variety of manufacturing and warehousing uses. The asking price is $1,900,000, translating to $56.45 per square foot. The property is zoned MU-B, allowing for flexibility in future development plans. Convenient access to Interstate 35 ensures seamless transportation and logistics. The property includes three separate buildings, providing ample space for diverse operations or expansion. Parcel numbers are 010-2746-01215, 01230, and 01300. Situated in St. Louis County, this location offers a strategic advantage within the Duluth market. The property's size and zoning provide a strong foundation for long-term growth and profitability. This is a unique opportunity to acquire a substantial industrial property with significant upside potential in a desirable location. The property's current configuration as a foundry provides a solid base for continued operation or redevelopment to suit a variety of industrial needs. The expansive lot size offers ample room for expansion or future development. The convenient access to Interstate 35 is a key advantage for businesses requiring efficient transportation links.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $95,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $90,000
- 6.5%
- $95,000
- 7%
- $100,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $90,000
- Geo Method
- $75,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $100,000
- Retail
- $110,000
- Mixed-Use
- $85,000
- Hospitality
- $80,000
- Educational
- $85,000
- Residential Income
- $80,000
- Energy
- $80,000
- Income-Based Land
- $105,000
- Food Service
- $90,000
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.2297
- Latitude
- 46.6804
- CBSA code
- 20260
- CBSA name
- DULUTH, MN-WI METROPOLITAN STATISTICAL AREA
