345 Canal Park Dr Duluth, MN 55802-2389
This exceptional 3,026 square foot mixed-use property, located at 345 Canal Park Drive Unit 200 in Duluth, Minnesota, presents a unique investment opportunity. Situated on a 0.07-acre lot in the heart of Canal Park, this property offers unparalleled access to Lake Superior, the Lift Bridge, vibrant restaurants, and shopping. The building, an original Marshall Wells structure, boasts exposed brick and beams, adding to its historical charm and character. Currently configured as office space, this versatile property offers immense potential for conversion into a large residential space (over 3,000 square feet) or even two separate units, allowing for diverse uses to suit individual needs. Imagine enjoying breathtaking views of the Grandmas Marathon finish line from a spacious balcony, or creating an expansive deck in the rear. The property's prime location and flexible layout make it an ideal choice for both business owners and residential buyers seeking a unique and desirable Duluth address. This is a chance to own a piece of Duluth history and capitalize on the thriving Canal Park area. The asking price is $500,000. Don't miss this rare opportunity to acquire a truly special property in a highly sought-after location.
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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
Similar Nearby for Lease
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.