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For Sale:  Duluth MLS# 7034538

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Active
$999,999
/mo Edit
Multi-family:  Other
Built 1991
9,610 sqft • 0.4 acres
Duluth schools
MLS# 7034538
763-576-8286
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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 regional grocery store in the thriving West Duluth Business District. Property is located next to bars/restaurants, movie theatre, grocery store, liquor store, gas stations, 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 rental income. 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 property, this distinctive offering delivers unmatched potential. You must see it to believe it.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $999,999
    Price per sq ft: $104
    Property Type: Multi-family
    City: Duluth
    Garage Spaces: 1
    County: St. Louis
    Year Built: 1991
    State: MN
    Property Style: Other
    Zip Code: 55807
    Subdivision Name: West Duluth 1st Div

    Interior

    Bedrooms: 0
    Bathrooms: 0
    Finished Area: 9,610 ft2
    Living Area: 9,610 ft2
    Basement Details: Partially Finished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 1
    Garage Size: 500 ft2
    Foundation Size: 6,250 ft2
    Foundation Dimensions: 50x125
    Handicap Accessible: Accessible Elevator Installed
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Attached Garage
    • Heated Garage
    • On-Street Parking Only
    • Parking Lot
    Road Frontage: City Street
    Pool:
    • Below Ground
    • Heated
    • Indoor
    Roof Details:
    • Flat
    • Rubber

    Lot & Land

    Acres: 0.4
    Geolocation: 46.737503, -92.166104
    Lot Dimensions: 50 x 300
    Zoning: Other
    Lot Description:
    • Corner Lot
    • Public Transit (w/in 6 blks)

    Schools

    School District: 709
    District Phone: 2183368700

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $10,298
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $10,298

    Income

    Annual Gross Income: None

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Minnesota Power

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    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!

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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.