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$159,900
Est. payment /mo
10,018 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Gary First Div
MLS Listing ID 7120670
Year Built 1914
Annual Tax Amount $2,846
Tax Year 2026
Contingent None
Lot Size 10,018 Sqft
Lot Dimensions 100x97
Property Description
Unlock the potential of this unique mixed-use commercial property, which offers multiple income streams and exceptional flexibility. Formerly home to a neighborhood bar, the expansive main level provides approximately 2,685 finished square feet and is primed for various future uses - from a restaurant, brewery, taproom, event venue, or retail space to office. Upstairs, the second level is already configured with the layout for up to four residential apartments, creating an outstanding value-add opportunity for an investor looking to establish stable, long-term rental income while maximizing the property's earning potential. Additional highlights include a large basement offering extensive storage and utility space, a newer rubber membrane roof, and nearly three city lots worth of off-street parking - a rare amenity for a downtown commercial property that easily accommodates up to twenty cars. Whether you're an owner-occupant looking to operate your own business while building equity through residential rental income, or an investor seeking a redevelopment opportunity with significant upside, this property offers endless possibilities in a high-visibility location. This is a rare chance to revitalize a landmark property and create a strong-performing investment with multiple revenue streams.
Location
State MN
County St. Louis
Zoning Business/Commercial
Interior
Heating Forced Air
Inclusions Building
Fireplace No
Exterior
Parking Features On-Street Parking Only
Utilities Available Electric Common, Heating Common, Hot Water Common
Present Use Vacant
Building
Story Two
Foundation 8528
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Duluth
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Listed by Marta Swierc • RE/MAX Results
Nearby School & Business
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Michael Smith
Broker Associate License ID: 40184871
Broker Associate License ID: 40184871