30 N 8Th St Cloquet, MN 55720

Property Details for 30 N 8Th St

Property type

Commercial real estate

APN

06-275-0720

APU

62750720

Description

This exceptional 5,500 square foot office building presents a lucrative investment opportunity in Cloquet, Minnesota's thriving business district. Situated on a half-acre lot, this property boasts two distinct units, each offering a unique layout and functionality. The main unit features a spacious layout encompassing 17 rooms, including a well-equipped kitchen, large offices ideal for executive suites, and a sizable conference room perfect for collaborative meetings. The second unit comprises three private offices and a welcoming reception area, suitable for a variety of professional uses. Both units benefit from recently updated, high-efficiency furnaces, ensuring optimal energy consumption and cost savings. Ample parking is provided with approximately 13 spaces, complemented by a convenient outdoor storage building equipped with a loading dock. The property's strong financial performance is evidenced by its impressive 12.8% capitalization rate. This turnkey investment offers immediate income potential, with lease options available for added flexibility. Its central location within Cloquet's business district ensures high visibility and easy access to essential amenities and transportation routes. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a desirable location.