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.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
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Listing courtesy of RE/MAX Results.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.
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