30 1st St, Duluth, MN 55802-2004

This exceptional mixed-use property, located at 30 W 1st St in Duluth, Minnesota, 55802, presents a unique investment opportunity. The 8,000 square foot building boasts a prime downtown location and has undergone significant renovations. Improvements include a new roof, windows, HVAC system, and an on-demand hot water system. The street level comprises commercial/retail space, currently fully leased to tenants. A walk-out basement features three recently updated storage units, two of which are also rented, providing additional income streams. The second floor is a fully furnished, turnkey vacation rental, a 4,000 square foot luxury loft. This space is equipped with high-end amenities including push-button reclining leather theater seating, remote-controlled blackout blinds, a pool table, a poker table, a substantial dish set, and a hot tub. The asking price is $985,000, translating to $123.12 per square foot. The property consists of five units in total, offering a diversified income portfolio. The seller is motivated for a quick sale, making this an attractive opportunity for investors seeking a high return on investment in a thriving downtown location. This historic building offers a blend of commercial and residential income, presenting a compelling investment prospect.