Mixed Use Property
| Contact: |
jordan@decarorealestate.com |
Mixed Use
MLS# 6123429
For Sale: $1500000
Status: ACTIVE
Waterfront: No
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.
Additional Photos
Features
Map
| Cumulative DOM: | 45 |
| Price Per SQFT: | 130.43 |
| School District: | Cloquet #94 |
| Year Built: | 1950 |
| Approx Lot Dimension: | 150x207x150x211 |
| Classification: | Commercial |
| Leased Land: | Owned |
| Parcel Number: | 06-305-0020 |
| Tax Year: | 2025 |
| Assessments: | Yes |
| Foreclosure: | No |
| Unit # 2: | Commercial 2 |
| Unit # 3: | Commercial 3 |
| Unit Sq Ft 1: | 1200 |
| Unit Sq Ft 2: | 1600 |
| Unit Sq Ft 3: | 500 |
