Cloquet, MN High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Cloquet, Minnesota Market population: 12K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Cloquet MN Properties: 1.4700%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Cloquet MN
Common questions from investors exploring commercial real estate in Cloquet MN.
What's the overall investment potential of Cloquet, MN, considering its demographics and economy?
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The city's median household income of $46,022, combined with a poverty rate of 15.3% and a high health insurance coverage of 94.3%, suggests a relatively stable market with working-class tenants. Additionally, the top industries in Public Administration, Manufacturing, and Transportation & Warehousing, & Utilities indicate a diverse economy, while the 16.5-minute average commute time and high rate of residents who drive alone or carpool suggest convenient transportation options.
How does the ethnic diversity and income inequality in Cloquet impact the real estate market?
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The city's ethnic diversity, with 45.8% White, 45.2% White Non-Hispanic, and 4.6% Native American populations, contributes to a unique cultural landscape, while the GINI coefficient of 0.438 indicates a moderate level of income inequality. This, paired with a median property value of $136,700 and a homeownership rate of 68.8%, suggests a market with opportunities for both affordable and higher-end investments.
What role do commute times and health insurance coverage play in assessing market stability in Cloquet?
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The 16.5-minute average commute time, which is relatively short, and the high health insurance coverage rate of 94.3% are positive indicators of market stability, as they suggest a population with access to employment opportunities and healthcare. This stability, combined with a poverty rate of 15.3%, indicates a working-class market with employment stability and potential for long-term rentals.
How do the top industries in Cloquet influence the demand for real estate investments?
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The presence of top industries like Public Administration, Manufacturing, and Transportation & Warehousing, & Utilities drives demand for housing, particularly for workers in these sectors. With a median household income of $46,022 and an employed population of 5,746, there is a steady demand for affordable and convenient housing options, making Cloquet an attractive location for real estate investments.
What insights can be gained from the city's homeownership rate and median property taxes for real estate investment decisions?
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The high homeownership rate of 68.8% and median property taxes of $3,387 in Cloquet suggest a market with a strong preference for owning over renting, which can impact rental yields. However, the median property value of $136,700 and the relatively low poverty rate of 15.3% indicate potential for appreciation in property values, making it a viable option for investors looking for long-term growth and stable rental income.
Cloquet MN Real Estate & City Facts
Key facts and real estate information about Cloquet MN.
What are some of the best neighborhoods to live in Cloquet?
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Some of the best neighborhoods to live in Cloquet include Spring Lake, which is known for its peaceful environment and friendly community. Other areas like Esko, Carlton, and Wrenshall are also popular for their quiet and smaller town atmosphere.
What are some fun things to do in Cloquet?
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There are plenty of fun things to do in Cloquet, such as visiting the R.W. Lindholm Service Station by Frank Lloyd Wright, exploring Pinehurst Park and Fauley Park, and enjoying outdoor activities like golfing, snowmobiling, and skiing. You can also check out the Cloquet Public Library and the Jay Cooke State Park.
What is the food scene like in Cloquet?
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The food scene in Cloquet is diverse and exciting, with popular restaurants like Gordy's HI Hat Drive-Inn, Family Tradition Restaurant, and Carmen's Bar & Restaurant. There are also plenty of great food trucks and cafes to try. For a more innovative menu, you can head to Seven Fires Steakhouse or Black Woods Grill & Bar.
What are the pros and cons of living in Cloquet?
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The pros of living in Cloquet include its peaceful and friendly community, plenty of outdoor activities, and a growing food scene. However, some cons include the limited job opportunities and a higher cost of living compared to other areas in Minnesota. Additionally, the city can be quite quiet and may not be suitable for those who prefer a more vibrant nightlife.
Is Cloquet a good place to live?
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Overall, Cloquet is a great place to live for those who value a peaceful and natural environment, a strong sense of community, and a growing food scene. While it may not be the best fit for everyone, particularly those who prefer a more urban lifestyle, Cloquet offers a unique and charming experience that makes it an attractive option for many people.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Cloquet MN Commercial Property: $46,022
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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