Pending
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Pending

$159,900

0 Beds 0 Baths 8,528 SQFT 0.23 Acres
Type: Pending

1426 Commonwealth Avenue
Duluth, MN 55808

MLS#: 7120670
Jim Starr
Jim Starr
The Real Estate Advantage
Crosstown Real Estate Group, Co-Founder/Partner
Phone: 612.247.5898
Office: 763.755.1100
Presented by: RE/MAX Results

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.


 

Interior Features

Other Interior Features

Basement (Y/N)No
Foundation DimensionsUnknown
FuelOther
Garage Square Feet0

General

AccessibilityGrab Bars In Bathroom
Additional Parcels Description010180002600, 010180002620
Additional Parcels Y/NYes
CityDuluth
ContingencyNone
CountySt. Louis
Current UseVacant
DirectionsHead south on commonwealth. Property will be on your left across the street from the car dealership.
Garage Spaces0
HeatingForced Air
High School DistrictDuluth
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total2
Possible UseRestaurant
PostalCityDuluth
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusPending
Subdivision NameGary First Div
Tax Annual Amount$2,846
Tax Year2026
UtilitiesElectric Common, Heating Common, Hot Water Common
Year Built1914
Zoning DescriptionBusiness/Commercial

Exterior

Building Area Total8,528 sqft
Foundation Area8,528 sqft
InclusionsBuilding
Lot Dimensions100x97
Lot Size Area0 sqft
Parking FeaturesOn-Street Parking Only
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Middle School N/A
Elementary School N/A

  

Similar Properties

$159,900

0 Beds 0 Baths 8,528 SQFT 0.23 Acres
Type: Pending

1426 Commonwealth Avenue
Duluth, MN 55808

MLS#: 7120670
Jim Starr
Jim Starr
The Real Estate Advantage
Crosstown Real Estate Group, Co-Founder/Partner
Phone: 612.247.5898
Office: 763.755.1100