12 N Lake Ave
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12 N Lake Ave
12,947 SF 100% Leased Office Building Duluth, MN 55802 $995,000 ($77/SF)
Investment Highlights
- Bring your vision to this great building in an ideal location.
Executive Summary
Great brick building in the heart of downtown Duluth just waiting for finishing. Four floors with 3,200 SF each. One completed condo, 890-1100 SF of Storefront and the 3rd & 4th are wide open and ready for finishing. Easy parking in adjacent Tech Village ramp.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
---|---|---|
Taxes | $15,858 | $1.22 |
Operating Expenses | - | - |
Total Expenses | $15,858 | $1.22 |
Financial Summary (Actual - 2024)
Taxes | |
---|---|
Annual | $15,858 |
Annual Per SF | $1.22 |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $15,858 |
Annual Per SF | $1.22 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
12,947 SF
Building Class
C
Year Built
1890
Price
$995,000
Price Per SF
$77
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
2,307 SF
Building FAR
3.30
Land Acres
0.09 AC
Opportunity Zone
Yes
Zoning
C4
1 of 1
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
Parcel Number | 010091000020 | Total Assessment | $911,800 (2023) |
Land Assessment | $138,500 (2023) | Annual Taxes | $15,858 ($1.22/SF) |
Improvements Assessment | $773,300 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
010091000020
Land Assessment
$138,500 (2023)
Improvements Assessment
$773,300 (2023)
Total Assessment
$911,800 (2023)
Annual Taxes
$15,858 ($1.22/SF)
Tax Year
2024
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12 N Lake Ave
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