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$1,800,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 11,500 Sq. Ft.
  • 0.21 Acres
  • Updated 4 days ago
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Investment Opportunity 25 minutes South of Duluth. The Union Lofts is a historic, completely renovated 2 story building featuring 3 commercial suites and 10 apartments. Commercial suites are fully leased and 7 of the apartments are operating as a boutique hotel and being sold completely furnished. Includes an additional lot with the option to build on. Commercial units provide private ADA bathroom, heating & air conditioning with unit controlled thermostat, private main level entrance, onsite parking. Apartments/ Furnished Rentals include secure entrance, 13' ceiling heights, in-unit washer and dryer, 111\ail room, heating and central air, air exchanger, separate utilities per unit, fully furnished and operational boutique hotel. There are 6 studio apartments and 1-1 bedroom. Three additional apartments partially complete.

Full Property Details for 1403 Ave C

General

  • Price: $1,800,000
  • Taxes: $24,202 (2024)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6637918
  • Updated: 12/11/2024
  • Added to Site: 6 day(s) ago

Parking

  • Parking Features: Parking Lot

Location

  • County: Carlton
  • Subdivision: Northwest Paper Co Add
  • Driving Directions: N on 694 to 35E toward Duluth, take exit 237 to Cloquet on highway 33, N on 14th St, Right on Avenue C

School Information

  • School District: 94 - Cloquet
  • High School District: Cloquet

Heating & Cooling

  • Heating Type: Heat Pump
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: City Sewer in Street
  • Water: City Water (In-Street)
  • Utility Description: Electric Separate, Heating Separate, Hot Water Separate

Structural Information

  • Exterior Const.: Brick/Stone
  • Foundation Size: 5724
  • Disability Access: Fully Wheelchair
  • Square Feet: 11,500
  • Finished Down/Base.: 11,500 Sq. Ft.
  • Current Bldg. Use: Bed and Breakfast, Commercial, Office, Professional Service, Vacant
  • Year Built: 1951

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Dimensions: 150 x 207 x 150 x 211
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $24,202
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: LTS 1-3 AND ADJACENT VACATED ALLEY
  • Inclusions: Building, Business, Fixture/Equipment, Land, Leases
  • Property ID: 63050020

Listed by Edina Realty, Inc.

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— 1403 Ave C —

  • Edina Realty, Inc.

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NMLS#: 1598647

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Schools serving 1403 Ave C

School District:Cloquet Public School District
RatingNameGradesDistance
8
Washington Elementary School, Cloquet, MN
801 12th St, Cloquet, MN 55720
PK-50.8 mi
6
Churchill Elementary School, Cloquet, MN
515 Granite St, Cloquet, MN 55720
K-61 mi
4
Cloquet Middle School
2001 Washington Ave, Cloquet, MN 55720
6-80.6 mi
6
Cloquet Senior High School
1000 18th St, Cloquet, MN 55720
9-120.9 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1403 Ave C Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/10/2024
Listed
$1,800,000
700%
MLS
6/08/2020
Sold
$225,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1403 Ave C

Year
Property Taxes
Change
Tax Assessment
Change
2023
$24,202
57%
$895,900
—
2023
$15,464
—
$895,900
409%
2023
$15,464
71%
$176,100
-26%
2021
$9,030
15%
$236,900
13%
2020
$7,886
—
$209,700
—
2019
$7,880
-15%
$209,700
-7%
2017
$9,298
-2%
$224,800
—
2017
$9,472
—
$224,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Edina Realty, Inc.

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1403 Avenue C, Cloquet, MN 55720 (MLS# 6637918) is a Commercial property. 1403 Avenue C is currently listed for $1,800,000 and was received on December 10, 2024. Want to learn more about 1403 Avenue C? Do you have questions about finding other Commercial real estate for sale in Cloquet? You can browse all Cloquet real estate or contact a Coldwell Banker agent to request more information.

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