MLS#7013167
STATUSActive
PROPERTY TYPECommercial - Office
SUBDIVISIONNorthwest Paper Co Add
SCHOOLCloquet
Property Description
Union Lofts is a mixed-use income property located in downtown Cloquet featuring a diversified unit mix. The property includes 7 operating short-term rental units, 3 leased commercial units, and 3 unfinished units, offering both immediate income and future expansion potential subject to zoning, permitting, and approvals. Current operations generate income from short-term rentals and commercial space. The unfinished units provide an opportunity for a buyer to add additional residential or commercial income following due diligence and required approvals. Union Lofts is well-suited for investors, owner-operators, or 1031 exchange buyers seeking a stabilized mixed-use asset. Financial information is available upon request for qualified buyers. Buyer to verify zoning, licensing, permitted uses, and income details.
Property Features
Property Type: Commercial - Office
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.26 Acres
Roof Type: Rubber
Stories: 2.0
Taxes: $23,164
Year Built: 1950
Feature Descriptions
Basement: None
Current Use: Bed & Breakfast, Professional/Office, Hotel/Motel
Days on Site: 49
Exterior: Brick
Foundation Size: 5724
Handicap Accessible: Partially Wheelchair
Lot Dimensions: 150x207x150x211
Owners Expense: Sewer, Trash Collection
Parcel#: 063050020
Parking: Parking Lot
Sale Includes: Building, Business, Fixture/Equipment, Land, Leases
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Fuel, Water
Units: 13
Utilities: Electric Separate, Heating Separate, Hot Water Separate
Water: City Water/Connected
Local Schools
School District: Cloquet
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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1403 Avenue C | MLS# 7013167
This commercial property located at 1403 Avenue C , Cloquet, MN 55720 is currently listed for sale with an asking price of $1,500,000. Avenue C is located within the Cloquet school district. Search Cloquet real estate on jhentges.homesbyjoel.com today.