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Additional details
Listed by Michael Jorgensen • Edina Realty, Inc. - Duluth
$1,710,000
Est. payment /mo
0.26 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Mn
MLS Listing ID 6117821
Year Built 1951
Annual Tax Amount $24,202
Tax Year 2024
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Commercial
Property Description
Investment Opportunity 25 minutes South of Duluth. The Union Lofts is a historic, completely renovated 2 story building featuring 3 commercial suites and 10 apartments. Commercial suites are fully leased and 7 of the apartments are operating as a boutique hotel and being sold completely furnished. Includes an additional lot with the option to build on. Commercial units provide private ADA bathroom, heating & air conditioning with unit controlled thermostat, private main level entrance, onsite parking. Apartments/ Furnished Rentals include secure entrance, 13' ceiling heights, in-unit washer and dryer, 111\ail room, heating and central air, air exchanger, separate utilities per unit, fully furnished and operational boutique hotel. There are 6 studio apartments and 1-1 bedroom. Three additional apartments partially complete.
Location
State MN
Area Lsar
Rooms
Basement None
Interior
Heating Forced Air, Natural Gas
Cooling Central
Exterior
Exterior Feature Brick
Roof Type Rubber
Building
Sewer City
Water City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Brandon Miskulin
WI Broker, MN Agent | License ID: 58234-90, 40371939
+1(218) 464-3126 | brandon@executivestarrealty.com