Downtown Duluth Lot

21 East 3rd Street Duluth, MN 55805

21 East 3rd Street, Duluth, MN, 55805
21 East 3rd Street, Duluth, MN, 55805 21 East 3rd Street, Duluth, MN, 55805 21 East 3rd Street, Duluth, MN, 55805 21 East 3rd Street, Duluth, MN, 55805 21 East 3rd Street, Duluth, MN, 55805 21 East 3rd Street, Duluth, MN, 55805 21 East 3rd Street, Duluth, MN, 55805 21 East 3rd Street, Duluth, MN, 55805 21 East 3rd Street, Duluth, MN, 55805 21 East 3rd Street, Duluth, MN, 55805
FOR SALE
Property Type:
Residential Land Development
Amount:
$55,000
Last Verified:
May 30, 2024

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Highlights

  • Incredible View of the Lake and Harbor
  • Practically Shovel-Ready
  • Close to Essentia St. Mary's Hospital, the Art District, and Canal Park
  • Flexible Zoning

Description

Unlock the potential of this remarkable downtown Duluth lot that boasts breathtaking views of Lake Superior and the harbor. Nestled in the heart of Duluth on the 200 Block of East 3rd St, you'll be captivated by the bustling harbor as ships pass beneath the Historic Aerial Lift Bridge. Its prime positioning places you just a stroll away from the vibrant historic art district, a cultural nexus where history meets creativity. Furthermore, the brand-new St. Mary's Medical Center is mere blocks away, ensuring top-tier healthcare is always within reach or an easy commute to work. A completed survey is already available, and architectural renderings for a potential residence are available. Being zoned as mixed-use, this unique downtown Duluth plot offers a multitude of possibilities. Whether you envision a modern urban home, a new commercial venture, or investment, this property provides the perfect canvas for your dreams.

Downtown CBD near Essentia St. Mary's Hospital, the Art District, and Canal Park. Excellent view of Lake Superior and the harbor.

Lot Size: 0.16 acres

Map of 21 East 3rd Street, Duluth, MN, 55805

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.