29 days on rocket

48XX Rice Lake Rd, Duluth, MN, 55803

$897,000

8.97 Acres
Land

Location

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Property Highlights

Home TypeMixed Use
MLS #6117087
Lot Size8.97 Acres
StatusActive
(ACTIVE)

About 48XX Rice Lake Rd

Discover endless possibilities with this 8+ acre building site in the business-friendly city of Rice Lake. Boasting a prime location, this shovel-ready property offers an array of amenities, making it a highly attractive investment opportunity. On-site city water, sewer, gas, electrical, and high-speed communications provide immediate utility access for development. Zoned for commercial use but adaptable for residential development, the sellers also are open to the option to divide the land for multi-purpose use. An additional 12+ acres are available expanding the property to a 21 acre building site. Situated within close proximity to the Duluth International Airport, BoomTown Brewery, and within 10-15 minutes to Miller Hill amenities, Pike Lake, and Island Lake, opportunity abounds!

Property Details

Property Features

Listing Office:

  • Office Name: Edmunds Company, LLP
  • Listing Agent: Casey Knutson Carbert

Lot Features

Lot Information:

  • Lot Size: 8.97 Acres

Other

Directions Information:

  • Directions: Rice Lake Rd near Kwik Trip

Price Information

Listing Price Info

Price Summary:

  • List Price: $897,000
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Housing Market Comparison

See how this home compares to others in Duluth, MN.

Med. Sold Price

$305.3K

Med. Price/SqFt

$191

Avg. Days On Market

25

# of Sold Homes

124

48XX Rice Lake Rd vs Duluth

29 DAYS ON ROCKET

+4 Days

$897,000

+$591.6K More

KEY TAKEAWAY

This property is $591.6K more than the Median Sold Price in Duluth, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #6117087

Listing Office:

  • Office Name: Edmunds Company, LLP
  • Listing Agent: Casey Knutson Carbert

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2024 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 9:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,544

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,756

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-797653
2
/10
  • Myers-Wilkins Elementary School

  • 1027 N 8th Ave E

  • 0.40 miles

  • Public District Grades PK-5

school-card-donut-797654
7
/10
  • Lowell Elementary School

  • 2000 Rice Lake Rd

  • 1.05 miles

  • Public District Grades KG-5

school-card-donut-797655
9
/10
  • Congdon Elementary School

  • 3116 E Superior St

  • 2.62 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,168. Residents of Duluth, MN typically earn less than $35k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 48XX Rice Lake Rd

What is the listing price of this property?

The listing price of 48XX Rice Lake Rd property is $897,000.

What type of property is this?

The property 48XX Rice Lake Rd is land located in Duluth, Minnesota, 55803.

Is this property for sale now?

Active Listing: 48XX Rice Lake Rd is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 48XX Rice Lake Rd is 8.97 acres.
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Rocket HomesMinnesotaSaint Louis CountyDuluth5580348XX Rice Lake Rd

This home is located at 48XX Rice Lake Rd in Duluth, MN and zip code 55803 in the Duluth Heights neighborhood. This home sits on a 8.97 acre lot. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $897,000.

Duluth, MN housing market in November 2024 saw over 37 listings sold above listed price, more than 29 sold at listed price and over 51 sold below. Between October 2024 and November 2024, Duluth, MN real estate market has seen decrease in the number of listings by 20.3%. While the average time on the market in November 2024 was 25 days, the median list price was $305,357.

From Rocket Homes Real Estate and based on county public records data.

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