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About the Listing 26415 - 498507875
Unlock the potential of this unique mixed-use commercial property, which offers multiple income streams and exceptional flexibility. Formerly home to a neighborhood bar, the expansive main level provides approximately 2,685 finished square feet and is primed for various future uses - from a restaurant, brewery, taproom, event venue, or retail space to office. Upstairs, the second level is already configured with the layout for up to four residential apartments, creating an outstanding value-add opportunity for an investor looking to establish stable, long-term rental income while maximizing the property’s earning potential. Additional highlights include a large basement offering extensive storage and utility space, a newer rubber membrane roof, and nearly three city lots worth of off-street parking - a rare amenity for a downtown commercial property that easily accommodates up to twenty cars. Whether you’re an owner-occupant looking to operate your own business while building equity through residential rental income, or an investor seeking a redevelopment opportunity with significant upside, this property offers endless possibilities in a high-visibility location. This is a rare chance to revitalize a landmark property and create a strong-performing investment with multiple revenue streams.
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 100x97
- Zoning: Business/Commercial
- Roof:
- Others:
- Sewer: City Sewer/Connected
- Parking Features: On-Street Parking Only
Financial Details
- Tax Amount: $2,846
- Taxes w/Assessments: N/A
- Tax/Property ID: 010180002630
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
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1426 Commonwealth Ave Duluth, MN 55808
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