Listed By
Agency Name: RE/MAX Results
Agency Phone: 218-722-2811
Shown By
Agent Name: Faye Jacobson, Broker
Agent Phone: (612) 747-7209
Agency Title: Counselor Realty
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.
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1426 Commonwealth Avenue , Duluth, MN 55808
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1426 Commonwealth Avenue , Duluth, MN 55808
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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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 fjacobson.counselorrealty.com today.