2301 Commonwealth Ave Duluth, MN 55808
For Sale
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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.
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Duluth Brass Manufacturing Building Supply Metal Fabrication Plant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.