12 Lake AveDuluth, MN 55802

For Sale
$995,000

Prime Location, 12,800 SF, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use building, located at 12 N Lake Ave in the heart of Duluth, Minnesota, presents a unique investment opportunity. The property boasts a total of 12,800 square feet, distributed across four floors, each encompassing 3,200 square feet. The building's versatile layout includes a completed condo unit ranging from 890 to 1100 square feet, and a storefront area of similar size. The third and fourth floors offer expansive, open spaces ready for customization and tenant build-out, allowing for a wide range of uses. The building's solid brick construction ensures durability and character. Its central downtown Duluth location provides excellent visibility and accessibility, benefiting from the convenient parking available in the adjacent Tech Village ramp. This property is ideally suited for an investor or developer seeking to capitalize on the vibrant Duluth market. The asking price is $995,000. The property's zoning allows for multifamily, office, and retail uses, offering significant flexibility and potential for high returns. This is a rare opportunity to acquire a substantial property in a prime location with significant upside potential. The building's existing features, combined with its adaptable space, make it an attractive proposition for a variety of development scenarios. Don't miss this chance to own a piece of Duluth's thriving downtown core.

Highlights

  • 12,800 SF mixed-use building in downtown Duluth, MN.
  • Four floors, each 3,200 SF.
  • Includes a finished condo (890-1100 SF) and a storefront of similar size.
  • Upper floors offer open space for customization.
  • Solid brick construction; asking price $995,000.

Location Insight

City
Duluth
County
St. Louis
State
Minnesota
Latitude
46.787322952984
Longitude
-92.098725330271
12 Lake Ave, Duluth, Minnesota

FAQs

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12 Lake Ave
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