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48XX Rice Lake Rd, Duluth, MN, 55803

$897,000

8.97 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeMixed Use
MLS #6111543
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

School Info

Assigned Schools Information:

  • Denfeld High School, Public District Grades 9-12
  • Lincoln Park Middle School, Public District Grades 6-8

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

$305K

Med. Price/SqFt

$172

Avg. Days On Market

18

# of Sold Homes

67

48XX Rice Lake Rd vs Duluth

157 DAYS ON ROCKET

+139 Days

$897,000

+$592K More

KEY TAKEAWAY

This property is $592K more than the Median Sold Price in Duluth, MN.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Number: #6111543

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: 4/27/2024, 1:25:18 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.

Middle School

school-card-donut-1294086
3
/10
  • Lincoln Park Middle School

  • 3215 W 3rd St

  • 3.37 miles

  • Public District Grades 6-8

High School

school-card-donut-1294087
4
/10
  • Denfeld High School

  • 401 North 44th Ave West

  • 4.36 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,168. Most Duluth, MN residents have annual incomes less than $35k. Most families are single, no kids. Residents of this area typically 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.

What are the assigned schools for this property?

The assigned schools for 48XX Rice Lake Rd are:
Lincoln Park Middle School: GreatSchools Rating 3/10
Denfeld High School: GreatSchools Rating 4/10

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 21, 2023 and is currently priced at $897,000.

Duluth, MN housing market in March 2024 saw over 25 listings sold above listed price, more than 13 sold at listed price and over 25 sold below. The inventory of homes for sale in Duluth, MN between February 2024 and March 2024 increased by 13%. In March 2024 median list price was $305,000 and the average listing age was 18 days.

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

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