a Berkshire Hathaway affiliate

$839,000

28 N 1st Ave W, Duluth


28 N 1st Ave W Duluth, MN 55802

For Sale MLS# 6086796

Commercial

Data current as of {{getLocalTime('2019-12-13T21:50:55Z')}}

Details

MLS# 6086796

Description for 28 N 1st Ave W, Duluth, MN, 55802


Long time successful night club in the heart of downtown Duluth for sale. The profitable "Flame Night Club" was voted the Best Dance Club in Duluth for the past 8 years and the owner has all the books to back the hype. For sale is the building, the business, and all the business fixtures for the price of $839,000. The property, business, and fixtures have all been recently appraised and show an instant equity position with the purchase. The property also sits within an "Opportunity Zone". The building has been updated from top to bottom and features 3 distinct spaces. The street level has 2 of these spaces. The first space is a fully functioning bar and seating area with space for a possible kitchen and 2 separate bathrooms. The second space is one large area currently leased to a Kettle Bell Gym, this space could easily be converted to better compliment your other bar/restaurant businesses. The third space is the upper level which features the club at 6000 sq/ft and capacity for 452 people. This club is nice and clean and features a horseshoe bar, 24x50 dance floor, DJ booth, coat check, shot bar, huge widows facing the street, walk in cooler, two large bathrooms. Sprinkler system throughout building, 3 updated HVAC units on the roof, and another HVAC unit for the main floor, security system, elevator, huge lighting system, basement, 2 walk in coolers, nice large metal staircase in rear, parking behind building. Limited food license in place. The Owner is retiring after 8

Listing Information


Property Type: Commercial

Status: Active

Lot Size: 0.16 Acres

Square Feet:

Year Built: 1920

Foundation:

Garage: No

Stories: 2

Construction: Brick

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision:

Builder:

Foundation:

Total Units: 2

Current Use:

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: St. Louis

HERS Score:

Construction Status:

Interior Features


Square Footage above:

Square Footage below:

Flooring:

Additional Interior Features: Elevator, Security System, Bar Area, Restrooms

Utilities


Water: City

Sewer: City

Available Utilities:

Other Utilities:

Cooling: Central, Ductless Mini Split

Heating: Ductless/Mini Split, City Gas, Forced Air

Exterior / Lot Features


Parking Description: Off Street Parking

Exterior: Brick

Roof: Rubber

Lot View:

Lot Dimensions: 60X125

Farm Type:

Crop Type:

Zoning:

Additional Exterior/Lot Features: Sprinkler System, Fire Escape, Road Frontage - City Street

Soil Type:

Tillable Acres:

Unit Information


Total Baths:

Total Bedrooms:

Total Rooms: 2

Driving Directions


I-35 to Lake Ave, North on Lake Ave to Superior St, W on Superior St to 1st Ave W, North on 1st Ave W to 28 N 1st Ave W, building on right.

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms: Cash,Conventional,Small Business Admin.

Tenant Pays:

Owner Pays:

Ownership Type:

Tax/Property ID: 010-0940-00720

Tax Amount: $11,474

Tax Year: 2019

HomeStead Description:

Sales History

Date Price Change
{{sales.saleDateDisplay}} {{sales.saleAmountDisplay}} {{sales.saleAmountChangeDisplay}}
Currently not available.

Tax Summary

Data provided for tax year {{salesHistoryAndTax.taxAssessment.taxYear}}

Estimated Market Value Taxable Market Value Total Tax
{{salesHistoryAndTax.taxAssessment.calculatedTotalValue}} {{salesHistoryAndTax.taxAssessment.assessedTotalValue}} {{salesHistoryAndTax.taxAssessment.taxAmount}}

Data powered by Onboard Informatics. Copyright© 2019. Information deemed reliable but not guaranteed.

Schools nearby 28 N 1st Ave W

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
{{forSchool.institutionNameDisplay}} ({{forSchool.institutionTypeDisplay}}) {{forSchool.gradeSpanCode}} {{forSchool.distanceDisplay}} {{forSchool.greatSchoolsTestRatingDisplay}}


Schools nearby Grades Distance SchoolDigger® Rating i
{{nearSchool.institutionNameDisplay}} ({{nearSchool.institutionTypeDisplay}}) {{nearSchool.gradeSpanCode}} {{nearSchool.distanceDisplay}} {{nearSchool.greatSchoolsTestRatingDisplay}}

Data powered by Onboard Informatics. Copyright© 2019. Information deemed reliable but not guaranteed.

The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

Stats for homes in {{marketTrend.postalCity}}, {{marketTrend.stateOrProvince}}

{{marketTrend.medianSalePriceDisplay}} Median Sold
Price
Up arrow
{{marketTrend.recentSalesDisplay}} Recently Sold
Listings
Up arrow
{{marketTrend.medianDaysOnMarket}} Days on
Market
Up arrow
{{marketTrend.activeListingsDisplay}} Active
Listings
Change from prior year (3-month average) Based on information from the applicable Multiple Listing Service for the years indicated. Copyright ©2019. All rights reserved.
  • Population {{marketTrend.populationDisplay}}
  • Population Density (persons per Square Mile) {{marketTrend.populationDensityDisplay}}
  • Median Household Income {{marketTrend.medianHouseholdIncomeDisplay}}
  • Households with Children {{marketTrend.householdsWithChildrenDisplay}}
  • Median Age of Home {{marketTrend.medianAgeOfHomeDisplay}}
  • Owned Homes {{marketTrend.dwellingsOwnedDisplay}}
  • Rented Homes {{marketTrend.dwellingsRentedDisplay}}
  • Vacant Homes {{marketTrend.dwellingsVacantDisplay}}

Currently not available.

Data powered by Onboard Informatics. Copyright© 2019. Information deemed reliable but not guaranteed.

Walk Score

Please enter a valid phone number.
Clear all
*Required field
{{contactForm.message}}

Request Sent

Thank you for your inquiry. We will be in touch shortly regarding your question.

Please enter a valid phone number.

Are you working with an Edina Realty agent?*

Clear all
*Required field

{{scheduleShowing.message}}

Request Sent

Thank you for your inquiry. We will be in touch shortly regarding your question.

Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings