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1426 Commonwealth Avenue, Duluth, MN 55808

$159,900
SQUARE FEET 8,528
MLS# 7120670
  • 1426 Commonwealth Avenue, Duluth, MN 55808 Main Photo

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STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Gary First Div
SCHOOL: Duluth

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.

1426 Commonwealth Avenue | MLS# 7120670

This commercial property located at 1426 Commonwealth Avenue, Duluth, MN 55808 is currently listed for sale with an asking price of $159,900. Commonwealth Avenue is located within the Duluth school district. Search Duluth real estate on www.counselorrealtyalex.com today.

Property Features

Property Type: Commercial - Business
Fuel Type: Other
Heating: Forced Air
Lot Size: 0.23 Acres
Stories: 2.0
Taxes: $2,846
Year Built: 1914

Feature Descriptions

Current Use: Vacant
Days on Site: 34
Foundation Size: 8528
Handicap Accessible: Grab Bars In Bathroom
Lot Dimensions: 100x97
Parcel#: 010180002630
Parking: On-Street Parking Only
Sale Includes: Building
Sewer: City Sewer/Connected
Units: 2
Utilities: Electric Common, Heating Common, Hot Water Common
Water: City Water/Connected

Local Schools

School District: Duluth

Listed By / Shown By

Listed By

Agency Name: RE/MAX Results
Agency Phone: 218-722-2811

Shown By

Agency Title: Counselor Realty - Alexandria
Agency Phone: (320) 762-1111

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