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Carlton, MN 55718

$495,000

Property Type: Commercial Bedrooms: 5 Baths: 4 Square Footage: 3,282 Lot Size (sq. ft.): 2,178 Status: Active

Current Price: $495,000 List Date: 6/26/2026 Last Modified: 6/26/2026

Overview

Description

Exceptional mixed-use investment opportunity in Carlton! This two-story brick building offers six income-producing units, including twocommercial storefronts and four residential apartments. Positioned on Main Street with high visibility and a strong traffic count, theproperty enjoys a central location in the heart of town and is just two blocks from the local bike trail. The upper residential units haveaccess to a second-story rear deck, while off-street parking provides added convenience for tenants and visitors. A washer and dryerserves the two upper-level apartments.

Listing Details MLS# 7099928

General Property Information

Lot Measurement: Acres
Management Company Name: Superior Rental Management
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: No
Waterfront YN: No
Year Built: 1930
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Foundation Size: 1786
For Sale or Lease: For Sale
Acres: 0.05
Lot Dimensions: 75x50
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: None Amenities Shared: Deck Amenities Unit: City View; Hardwood Floors Appliances: Dryer; Range; Washer Basement: Partially Finished CMU Style: Apartments/Multi Family; Mixed Use; Office Construction Status: Previously Owned Current Use: Commercial; Office Exterior: Brick/Stone Foundation: Concrete Perimeter Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Location Description: Downtown Lock Box Type: Supra Miscellaneous Information: Exterior Lighting; Overhead Doors; Pole Sign On Site Utilities: Electric Separate; Hot Water Common Owner Pays: Grounds Care; Heat; Hot Water; Insurance; Lawn; Lawn; Maintenance/Repair; Repairs; Security; Sewer; Trash Collection; Water Parking Characteristics: Parking Lot Rent Rate per Foot: Per Month Road Frontage: County Road Road Responsibility: Public Maintained Road Roof: Rubber Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 495000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

Postal City: Carlton
County: Carlton
State: MN
Zip Code: 55718
Complex/Dev/Subdivision: Np Junction

Assessments

Tax With Assessments: 3826
Assessment Balance: 0

Basement

Foundation Dimensions: 44x34 +29x10
Partially Finished: Yes

More Information

Building Information

Building Finished SqFt: 4030
Building SqFt: 3282
Ceiling Height: 8-10

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No
Exterior Lighting: Yes
Overhead Doors: Yes
Pole Sign: Yes

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building

Unit 1

Unit Number: 101
Monthly Rent: 800
Total Rooms: 3
Level: Main Level
Unit Total SqFt: 560
Leased?: Yes
Lease Expiration Date: 2027-05-31
No. of 1 Bedroom Units: Yes

Unit 2

No. of 2 Bedroom Units: 2
Lease Expiration Date: 2027-03-31
Leased?: Yes
Level: Main Level
Monthly Rent: 750
Total Rooms: 3
Unit Number: 102
Unit Total SqFt: 560

Unit 3

Full Baths: Yes
Lease Expiration Date: 2027-06-30
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1100
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 201

Unit 4

Full Baths: Yes
Lease Expiration Date: 2026-10-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1100
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 202

Unit 5

Lease Expiration Date: 2026-11-30
Leased?: Yes
Level: Below Ground
Monthly Rent: 850
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Rooms: 2
Unit Number: 100

Unit 6

Lease Expiration Date: 2027-06-30
Leased?: Yes
Level: Main Level
Monthly Rent: 625
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 3
Unit Number: 105

Unit Details

Total Units: 6

Unit Information

No. of Efficiency Units: Yes

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: S. 45' of N1/2 and N.30' of S 1/2 Lot 10, Block 12 Original Plat
Listing City: Carlton
Map Page: 999
Municipality: Carlton
School District: Carlton
School District Phone: 218-384-4225
Zip Plus 4: 3114
Property ID Number: 150102140
Tax Year: 2026
Tax Amount: 3826
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Exceptional mixed-use investment opportunity in Carlton! This two-story brick building offers six income-producing units, including twocommercial storefronts and four residential apartments. Positioned on Main Street with high visibility and a strong traffic count, theproperty enjoys a central location in the heart of town and is just two blocks from the local bike trail. The upper residential units haveaccess to a second-story rear deck, while off-street parking provides added convenience for tenants and visitors. A washer and dryerserves the two upper-level apartments.
Directions: I-35, south on Hwy 45 into

Accessible

None: Yes

Air Conditioning

None: Yes

Amenities Shared

Deck: Yes

Amenities Unit

City View: Yes
Hardwood Floors: Yes

Appliances

Dryer: Yes
Range: Yes
Washer: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Foundation

Concrete Perimeter: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

Supra: Yes

Owner Pays

Grounds Care: Yes
Heat: Yes
Hot Water: Yes
Insurance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Repairs: Yes
Security: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes

Patio, Porch and Deck Features

Deck: Yes

Road Frontage

County Road: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Rubber: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Four: Yes

No. of Refrigerators

Four: Yes

Tenant Pays

Electricity: Yes

On Site Utilities

Electric Separate: Yes
Hot Water Common: Yes

CMU Style

Apartments/Multi Family: Yes
Mixed Use: Yes
Office: Yes

Current Use

Commercial: Yes
Office: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Location Description

Downtown: Yes

Rent Rate per Foot

Per Month: Yes

Listing Office: Coldwell Banker Realty - Dulut

Last Updated: June - 26 - 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.