MLS#7025182
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONChester Park Div Of Duluth
SCHOOLDuluth
Property Description
**BUILDING ONLY FOR SALE** Excellent mixed-use investment opportunity in the heart of Duluth's Chester Park neighborhood. This commercial building features a well-established lower-level commercial tenant and an upper residential unit, offering diversified income potential. The lower unit is currently leased at $2,500 per month and pays an additional CAM charge of $3 per square foot, providing increased return and shared expense coverage for ownership. The upper unit is a 2-bedroom, 1-bath apartment currently leased at $1,287 per month, creating strong supplemental income. Property includes rental license and is conveniently located near UMD, schools, and major thoroughfares. A solid opportunity for investors seeking stable cash flow with upside potential in a high-demand area.
Property Features
Property Type: Commercial - Business
Basement: Yes
Cooling: Central Air
Fuel Type: Electric, Natural Gas
Heating: Forced Air, Other
Lot Size: 0.11 Acres
Stories: 2.0
Taxes: $5,148
Year Built: 1916
Feature Descriptions
Basement: Full
Current Use: Residential, Restaurant
Days on Site: 20
Exterior: Brick
Foundation Size: 702
Handicap Accessible: Doors 36+, Wheelchair Ramp(s)
Lot Dimensions: 35x140
Parcel#: 010050001860
Parking: Other
Sale Includes: Building
Sewer: City Sewer/Connected
Units: 2
Utilities: Electric Separate, Heating Separate
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
Agent Name: Joel Hentges
Agent Phone: (952) 475-9541
Agency Title: Joel Hentges - Re/Max Advantage Plus
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1231 E 9th Street | MLS# 7025182
This commercial property located at 1231 E 9th Street , Duluth, MN 55805 is currently listed for sale with an asking price of $450,000. E 9th Street is located within the Duluth school district. Search Duluth real estate on jhentges.homesbyjoel.com today.