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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
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 33453450

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 12 N Lake Ave, Duluth, MN 55802

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