5,500 sq ft Office building with 2 units & 3 bathrooms situated on .5 acres that performed with a 12.8% cap rate. Approximately 13parking spaces with outdoor storage building with dock. 17 rooms that include a kitchen, Large offices and conference space in buildings main unit along with a second unit with 3 offices, and reception area. Updated high efficiency furnaces. Located in the heart of the business district in Cloquet. Lease Options Available.
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.
Prime Commercial Property on Main Street! This well-maintained commercial space offers endless potential for various business ventures. Located on Cloquet Ave, the property boasts high visibility and foot traffic. This building is currently setup and running as a salon and would be easy for a new owner to continue that, it also could easily be converted into a retail space, offices, a boutique, or almost any other commercial opportunity. This nicely upkept building in a prime location with high traffic count is a great investment opportunity. Donâ??t miss your chance to own this versatile property!
The median home value in Cloquet, MN is $225,000. This is higher than the county median home value of $223,200. The national median home value is $338,100. The average price of homes sold in Cloquet, MN is $225,000. Approximately 64.02% of Cloquet homes are owned, compared to 29.69% rented, while 6.3% are vacant. Cloquet real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cloquet real estate agent to arrange a tour today!
Cloquet, Minnesota has a population of 12,563. Cloquet is less family-centric than the surrounding county with 25.32% of the households containing married families with children. The county average for households married with children is 29.67%.
The median household income in Cloquet, Minnesota is $55,007. The median household income for the surrounding county is $68,579 compared to the national median of $69,021. The median age of people living in Cloquet is 36.5 years.
The average high temperature in July is 78.3 degrees, with an average low temperature in January of 1 degrees. The average rainfall is approximately 31.6 inches per year, with 69.9 inches of snow per year.