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Property profile & analytics
OFF-MARKET Estimated value $550,000
Commercial real estate

345 Canal Park Dr Duluth, MN 55802-2389

4,839 SF Built 1918
Individually Owned 2-yr Hold Free & Clear
Property ID
US46-0645703
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1918
Total area 4,839 SF
APN 010-0358-00010
UPID US46-0645703
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • I Love Duluth Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$465k
Blend (final) Blend
$550k
Owner & transaction history
Shimon Shaked · 2 yrs held
Shimon Shaked
since 2024
Last sale
$550,000
7 recorded transactions
2024
Price N/A
2023
$558,751
2021
Price N/A
2017
$550,000
2014
$1.0M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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