Home › 1403 Avenue C, Cloquet, MN 55720 (MLS# 7013167)

1403 Avenue C, Cloquet, MN 55720 (MLS# 7013167)

$1,500,000
1403 Avenue C
Cloquet, MN 55720
MLS# 7013167
Status: Closed
3 baths
1403 Avenue C, Cloquet, MN 55720
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1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720 1403 Avenue C, Cloquet, MN 55720

Property Description
Union Lofts is a mixed-use income property located in downtown Cloquet featuring a diversified unit mix. The property includes 7 operating short-term rental units, 3 leased commercial units, and 3 unfinished units, offering both immediate income and future expansion potential subject to zoning, permitting, and approvals. Current operations generate income from short-term rentals and commercial space. The unfinished units provide an opportunity for a buyer to add additional residential or commercial income following due diligence and required approvals. Union Lofts is well-suited for investors, owner-operators, or 1031 exchange buyers seeking a stabilized mixed-use asset. Financial information is available upon request for qualified buyers. Buyer to verify zoning, licensing, permitted uses, and income details.

Details
Maps
Contract Information
Status: Closed
Off Market Date: 2026-03-26
Current Price: 1500000
Closed Date: 2026-05-08
Sales Close Price: 1500000
Contingency: None
ListPrice: 1500000
List Date: 2026-01-26
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 15
Owner Occupied: No
Waterfront Present: No
Year Built: 1950
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Baths Total: 3
Foundation Size: 5724
For Sale or Lease: For Sale
Acres: 0.26
Lot Dimensions: 150x207x150x211
Assessment Pending: Yes
Location Tax and Other Information
House Number: 1403
Street Name: Avenue C
Postal City: Cloquet
County: Carlton
State: MN
Zip Code: 55720
Complex/Dev/Subdivision: Northwest Paper Co Add
Assessments
Assessment Balance: 1020
Tax With Assessments: 24184
Basement
Foundation Dimensions: 54x106
Building Information
Building Finished SqFt: 11500
Building SqFt: 11500
Income and Expenses
Annual Electric Expense: 12750
Annual Fuel Expense: 1505
Annual Gross Expenses: 64841
Annual Gross Income: 181562
Annual Insurance Expense: 7214
Annual Maintenance Expense: 1857
Annual Net Income: 116720
Annual Repair Expense: 10926
Annual Water/Sewer Expense: 3039
Total Annual Expenses: 64841
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Business, Fixture/Equipment, Land, Leases
Unit 1
Unit Number: 1
Monthly Rent: 1695
Half Baths: 1
Total Bathrooms: 1
Level: Main Level
Unit Total SqFt: 1200
Leased?: Yes
Lease Expiration Date: 2028-11-30
Unit 2
Half Baths: 1
Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: Main Level
Monthly Rent: 2381
Total Bathrooms: 1
Unit Number: 2
Unit Total SqFt: 1600
Unit 3
Half Baths: 1
Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: Main Level
Monthly Rent: 947
Total Bathrooms: 1
Unit Number: 3
Unit Total SqFt: 500
Unit Details
Total Units: 13
Property Features
Accessible: Partially Wheelchair
Basement: None
CMU Style: Mixed Use
Construction Materials: Brick
Construction Status: Previously Owned
Current Use: Bed & Breakfast; Business Service; Hotel/Motel
Exterior: Brick/Stone
Financing Terms: Cash
Foundation: Brick/Mortar
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Owner Pays: Sewer; Trash Collection
Parking Characteristics: Parking Lot
Roof: Rubber
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Electricity; Fuel; Water
Water: City Water/Connected

Listing Office: RE/MAX Results

Last Updated: May - 08 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Monday 1st of June 2026 05:14 PM

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