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Additional details
$424,900
Est. payment /mo
4,878 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Chester Park Div Of Duluth
MLS Listing ID 7025182
Year Built 1916
Annual Tax Amount $5,148
Tax Year 2025
Contingent None
Lot Size 4,878 Sqft
Acres 4878.72
Lot Dimensions 35x140
Property Description
**BUILDING ONLY FOR SALE** Excellent mixed-use investment opportunity in the heart of Duluth's Chester Park neighborhood. This commercial building features a well-established lower-level commercial tenant and an upper residential unit, offering diversified income potential. The lower unit is currently leased at $2,500 per month and pays an additional CAM charge of $3 per square foot, providing increased return and shared expense coverage for ownership. The upper unit is a 2-bedroom, 1-bath apartment currently leased at $1,287 per month, creating strong supplemental income. Property includes rental license and is conveniently located near UMD, schools, and major thoroughfares. A solid opportunity for investors seeking stable cash flow with upside potential in a high-demand area.
Location
State MN
County St. Louis
Zoning Business/Commercial
Rooms
Basement Full
Interior
Heating Forced Air, Other
Cooling Central Air
Inclusions Building
Fireplace No
Exterior
Parking Features Other
Utilities Available Electric Separate, Heating Separate
Present Use Residential,Restaurant
Building
Story Two
Foundation 702
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Brick
New Construction false
Schools
School District Duluth
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Listed by Jordan DeCaro • RE/MAX Results
Nearby School & Business
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