For Sale: Duluth MLS# 7025927
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Property Description
Exceptional Mixed-Use Investment Property. Rare opportunity to own a versatile commercial/residential building, located next to a high traffic regionalgrocery store in the thriving West Duluth Business District. Property is located next to bars/restaurants, movie theatre, grocery store, liquor store, gasstations, and more. This expansive residential unit offers generous living areas and includes a private racquetball court, full size indoor swimming pool, bar/pool table and steam room. The flexible layout provides excellent potential for owner-occupancy, long-term rental, or lucrative short-term rentalincome. The residential space comes complete with heated indoor parking garage, private residential elevator, two kitchens, 3 large sun decks, and a fireplace. The commercial unit is currently utilized as a laundromat, but the space lends itself to a variety of retail, franchise, or office options.Seller is open to leaving laundry machines or removing them based on buyers needs. Whether you're looking to expand your portfolio or create a live/work investment
Listing
Listing Status:
Active
Contingency:
None
List Price:
$999,999
Property Type:
Commercial
City:
Duluth
Garage Spaces:
2
County:
St. Louis
Year Built:
1991
State:
MN
Property Style:
Other
Zip Code:
55807
Subdivision Name:
West Duluth 1st Div
Interior
Ceiling Height:
8-10
Appliances Included:
- Dishwasher
- Gas Water Heater
- Microwave
- Range
- Stainless Steel Appliances
Basement Details:
Full
Exterior
Garage Spaces:
2
Air Conditioning:
Central Air, Ductless Mini-Split
Foundation Size:
6,250 ft2
Foundation Dimensions:
125x50
Handicap Accessible:
Accessible Elevator Installed
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Parking Lot
- Tuckunder Garage
Road Frontage:
City Street
Pool:
Indoor
Roof Details:
Flat
Lot & Land
Acres:
0.3
Geolocation:
46.737503, -92.166104
Inclusions:
Building, Land
Lot Dimensions:
50 x 130 + 50 x 166
Addl Parcels:
010447002710
Zoning:
Business/Commercial
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
Schools
School District:
709
District Phone:
2183368700
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$10,298
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$10,298
Units
Total Units:
1
Miscellaneous
Current Use:
- Laundromat
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Power Company Name:
Minnesota Power
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
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Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.