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Multi-Family Property

Contact:
garyo912@hotmail.com

Multi-Family
MLS# 6123952
For Sale: $1390000
Status: 2

232 N Central Ave
Duluth, MN 55807
(map)
Total Bathrooms: 2
Total Fin Square Footage: 120257
Approx Number of Acres: 0.43
Waterfront: No
Exceptional Mixed-Use Investment Property. Rare opportunity to own a versatile commercial/residential building, located next to a high traffic regional grocery store in the thriving West Duluth Business District. Property is located next to bars/restaurants, movie theatre, grocery store, liquor store, gas stations, and more. This expansive residential unit offers generous living areas and includes a private racquetball court, full size indoor swimming pool, bar/pool table and steam room. The flexible layout provides excellent potential for owner-occupancy, long-term rental, or lucrative short-term rental income. The residential space comes complete with heated indoor parking garage, private residential elevator, two kitchens, 3 large sun decks, and a fireplace. The commercial unit is currently utilized as a laundromat, but the space lends itself to a variety of retail, franchise, or office options. Seller is open to leaving laundry machines or removing them based on buyers needs. Whether you're looking to expand your portfolio or create a live/work investment property, this distinctive offering delivers unmatched potential. You must see it to believe it.
Additional Photos
Features
Map
Cumulative DOM:2
Price Per SQFT:11.56
School District:Duluth #709
Year Built:1991
Stories:2.25 - 2.75 Story
Approx Lot Dimension:50x300
Classification:Mixed Use
Leased Land:Owned
Parcel Number:10-4470-02880 and 010-4470-02710
Tax Year:2025
Tax Amount:10504
Assessments:No
Foreclosure:No
Rental License:No
Foundation Dimensions:125x50

4031 Grand Avenue
Duluth, MN 55807